SpaceX has gone up in value: Elon Musk became the first person in the world with a fortune above $600 billion

American Forbes has recalculated the value of Elon Musk's assets after the start of a new round of sale of shares in his space company SpaceX at an estimated $800 billion. As a result, the billionaire's fortune, according to the magazine, has increased by about $168 billion and reached $677 billion. Thus Musk, who had previously been the richest businessman in the world, became the first person in history with a fortune above $600 billion.

The Bloomberg Billionaires Index has also increased its estimate of Musk's fortune: according to the agency, it now stands at $638 billion.

According to two SpaceX investors Forbes spoke to, SpaceX launched a tender offer in early December at a valuation twice as high as the $400 billion in the August round, the magazine said. Musk's 42% stake is now worth $336 billion, Forbes estimates; Bloomberg puts that stake at $317 billion. By comparison, Musk's 12% stake in electric car maker Tesla is worth $197 billion, Forbes says.

As one of the investors told Forbes, SpaceX is also planning an IPO in 2026, in which the valuation could reach $1.5 trillion. The tender offer with a SpaceX valuation of $800 billion and the upcoming initial public offering have already been reported, for example, by Bloomberg and The Information. Representatives of Musk and SpaceX declined to comment to Forbes on the tender offer and SpaceX's plans for an IPO.

Musk is now closer to a trillion-dollar fortune than to losing his status as the richest man on the planet, Forbes notes. The head of SpaceX and Tesla is $425 billion ahead of his closest pursuer, Google co-founder Larry Page.

This article was AI-translated and verified by a human editor