Elon Musk First to Hit $500 Billion Net Worth as Tesla, SpaceX, xAI Drive Record Fortune

Although Tesla remains his leading wealth driver, Musk’s other companies are now contributing significantly to his wealth. His AI company, xAI, which he founded in 2023, was valued at $75 billion in July and is reportedly targeting a valuation of up to $200 billion in future funding rounds.

At the same time, his space venture company, SpaceX, has seen its private worth balloon to approximately $400 billion, ranking it among the world’s most valuable private companies. Collectively, these businesses have significantly contributed to boosting Musk’s overall net worth.