Elon Musk has breached a financial barrier that no other person in history has ever been able to achieve. After a fresh buyout approach that values SpaceX at around $800 billion, Musk’s fortune has increased to about $677 billion, which gives him the title of being the first individual ever to have a net worth exceeding $600 billion.

The climb illustrates not only Musk’s supremacy among the rich, but also the rapid pace where the private space and AI projects in turn are creating modern-day wealth.

SpaceX Takes Center Stage

Musk’s wealth has now primarily been attributed to SpaceX, which has been slowly but surely his main asset. With a projection of a whopping 42% stake of Musk in a rocket company is now valued more than all his other business ventures together.

The buyout proposal has increased SpaceX’s worth twice in only a matter of months, and it comes when the company is preparing for an initial public offering in 2026. It is the one that could give its valuation around $1.5 trillion and drive Musk into trillionaire status.

Tesla’s Worth

Despite the fact that Tesla continues to be the foundation of Musk’s empire, it has lost its position as the main driver of his financial identity. His approximately 12% stake in the car manufacturer is worth far less than his holdings in SpaceX, even before considering the legal ambiguity regarding his 2018 performance based stock options.

While those options are still under court appeal, Musk is still given a chance to extraordinary resources through a newly authorized long-term compensation plan, which is tied to the highest growth milestones that Tesla has set for itself.

xAI and the Next Growth Engine

Musk’s artificial intelligence dreams are gradually becoming a big part of his fortune. The xAI Holdings, which is the result of merging his AI startup with the social media platform X, is said to be considering an investment round at a valuation that would be more than 2 times its previous one.

The company, with Musk as a major shareholder, represents a lucrative growth opportunity for his ever increasing portfolio, one that coincides with the current AI revolution over infrastructure and large-scale models.

A Rapid Climb Unlike Any Other

When it comes to the multi-billion dollar race, Musk’s rise to $600 billion has been extremely quick. Indeed, from that point of view, the historical comparison is hard to make. His wealth was just under $25 billion five years ago. Since that time, a mix of skyrocketing valuations, daring investments, and the magnetic attraction of the tech industry to the public have made his way through milestones one after the other.

Some other billionaires have been able to reach the $300 billion mark or even $400 billion, but Musk is the only one to stay at the peak. With such a large gap that separates Musk from the others, it is increasingly hard to imagine his position as a disputable one.

Bottom Line

Surpassing the $600 billion threshold makes Elon Musk not only the richest person in the world, but also the one who represents the new technology-driven way of creating wealth, where private financing, advanced technologies, and longevity of vision intersect.

Musk’s venture into the likes of SpaceX, Tesla, and xAI, which is still in their growth phases, suggests that this historical milestone might not be the last one for him. The issue is no more about whether he will be the first trillionaire in the world, but it is about how soon it will be.