After his aerospace venture, SpaceX, acquired his artificial intelligence and social media firm xAI, uniting assets valued at a total of $1.25 trillion, Elon Musk emerged as the foremost individual globally with a net worth of $800 billion. As per Forbes’ calculations, this transaction augmented Musk’s wealth by $84 billion, establishing a fresh record of $852 billion.
Prior to the agreement, Musk held roughly 42% of SpaceX, amounting to $336 billion, based on a December initial offering that placed the private space entity’s value at $800 billion. He also possessed approximately 49% of xAI, equivalent to $122 billion, derived from a recent private funding endeavor that appraised the company at $250 billion earlier in the month. Subsequent to the merger, which assessed SpaceX at $1 trillion and xAI at $250 billion, Forbes approximates that Musk now controls 43% of the consolidated enterprise, representing $542 billion.
This position renders SpaceX as Musk’s most significant holding. Moreover, he possesses 12% of Tesla, evaluated at $178 billion, and maintains options on Tesla shares, adding another $124 billion. This excludes a groundbreaking compensation arrangement endorsed by Tesla shareholders in November, potentially yielding Musk up to $1 trillion in extra shares (before taxes and the expenditure of unlocking restricted stock) if Tesla attains its ambitious objectives, such as expanding the company’s market capitalization more than eightfold over the coming decade.
This marks the second occasion within a year when a pair of Musk’s businesses have undergone a merger. In March, Musk integrated his xAI with the social platform X (previously known as Twitter) in a deal that assigned a value of $80 billion to xAI and $33 billion to X, mirroring the sum Musk invested in acquiring Twitter in 2022, excluding liabilities. Musk’s dual capacity as both purchaser and vendor in these arrangements has sparked inquiries concerning the valuations. Nevertheless, all these entities now form a segment of SpaceX, which intends to launch an IPO this year, subjecting their valuations to the scrutiny of the public market imminently.
Over the previous four months, Musk has attained four noteworthy wealth benchmarks. In October, he distinguished himself as the initial individual to exceed $500 billion as Tesla’s stocks surged following his departure from the Trump administration’s Department of Government Efficiency (DOGE) to prioritize the electric vehicle manufacturer. On December 15, he became the pioneering person to cross $600 billion after private investors appraised SpaceX at $800 billion, elevated from $400 billion in August. After four days, Musk became the first person to exceed $700 billion after the Delaware Supreme Court reinstated his Tesla stock options, which had been invalidated by a lower court, in 2024.
Musk’s current fortune surpasses that of the second-wealthiest individual globally, Google co-founder Larry Page, by $578 billion, while Page’s wealth is calculated at $281 billion. This indicates that Musk is roughly half as wealthy as Larry Page prior to achieving the status of the world’s first trillionaire.
Source: forbes.ua