Elon Musk’s net worth reaches record $684 billion, SpaceX now valued at $800 billion

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Elon Musk just made history by becoming the first person with a net worth above $600 billion. His fortune is now estimated at approximately $684 billion, according to Forbes.

It comes after SpaceX reached an $800 billion valuation in an insider share sale, making it the world’s most valuable private company.

Musk’s wealth is expected to move higher if SpaceX goes public. The aerospace firm is pursuing an IPO that could raise more than $30 billion at a $1.5 trillion valuation, a deal that could rank as the largest listing in history, Bloomberg previously reported.

Prediction markets are rapidly repricing Elon Musk’s long-term wealth outlook following his latest net worth increase.

Kalshi data shows traders are betting on an 85% likelihood that Musk becomes a trillionaire by 2029, while confidence has also increased in nearer windows. The market currently implies about a 60% probability that the CEO of SpaceX will reach the trillion-dollar threshold before 2027.

Elsewhere, Tesla stock also hit a new all-time high of nearly $490 at market close today. Shares have rallied over 20% over the past month on the firm’s robotaxi pilot progress.