Elon Musk’s net worth has jumped $26 billion this year to $645 billion. And this is before it is clear what SpaceX’s value will be when it goes public. It has been put at as high as $1.75 trillion, after raising $75 billion in the IPO. Musk owns about 42% of SpaceX. However, they have control through special voting shares.
No one in the top 10 on Bloomberg’s billionaire list has had a sharper jump in net worth this year than that of Michal Dell, with an increase of $29 billion to $179 billion. Notably, No. 2 on the list is Larry Page, a Google founder, with a net worth of $289 billion, which is less than half Musk’s figure.
Musk has been able to dodge several problems in the last year. The first is Tesla’s (NASDAQ: TSLA | TSLA Price Prediction) car unit sales. They have been about flat over the last four quarters. Tesla’s stock is up 49% in the last year, compared to 32% for the S&P 500. The market has ignored the slow growth of the company’s robotics and AI initiatives
Muck has also boosted xAI’s value by merging it with SpaceX. The deal valued xAI at $250 billion. The value of the hybrid AI and special media company was not nearly that high before the deal. In fact, most experts estimate xAI’s valuation at $80 billion.
The value of SpaceX is still hard to determine. There is a school of thought that the stock will sell down after the IPO. Morningstar writes, “At the same time, the firm faces substantial uncertainty and risk, including key personal governance risk surrounding Elon Musk, plus the company’s recent acquisition of xAI, valued at roughly USD 250 billion.” The stock research company also warns that integrating xAI into SpaceX could be difficult.
Musk has to paths to $1 trillion net worth. One is SpaceX. The other is that Tesla shows significant advances in robotics. Either could happen in 2026.
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