In early December, his rocket maker SpaceX announced a public offering, valuing the company at $800 billion, twice what the company was valued at in August, two of the company's investors told Forbes.
That increases Musk's wealth, which owns about 42% of SpaceX, by $168 billion to $677 billion as of Dec. 15. The businessman is now the first person in history whose net worth exceeds $600 billion
“No one else has ever owned a $500 billion fortune… Musk has taken another giant step toward becoming the world's first trillionaire,” the business publication writes.
The offer comes as SpaceX plans an IPO in 2026 that could value the company at around $1.5 trillion, one of the company's investors confirmed to Forbes. But even without the IPO, Musk's stake in SpaceX, valued at $336 billion, is now his most valuable asset, the publication believes.
His 12 percent stake in Tesla is worth $197 billion. And in November, the electric vehicle company's shareholders approved a record bonus package that could net Musk up to $1 trillion in additional shares if under his leadership Tesla increases its market capitalization more than eightfold over the next decade.
