Elon Musk moves closer to become world’s first trillionaire

Tesla and SpaceX CEO Elon Musk has taken another step towards becoming the world’s first trillionaire, according to reports.

With his company SpaceX reportedly launching a tender offer, valuing the firm at $800 billion, Musk’s net worth has surged by $168 billion to an estimated $677 billion, according to reports.

Musk is now the first person ever worth $600 billion or more, reports



Forbes.

SpaceX is aiming for an initial public offering (IPO) next year that may value the firm at around $1.5 trillion.

Musk’s 12 per cent stake in electric vehicle maker Tesla is worth $197 billion, excluding stock options.

Moreover, Musk’s xAI Holdings is reportedly in talks to raise new funding at around $230 billion valuation. Musk owns a 53 per cent stake in xAI Holdings, worth $60 billion.