Elon Musk Becomes the First Person in History Worth $600 Billion

The surge in Musk’s wealth is largely driven by the soaring valuation of SpaceX, his private aerospace company, which has continued to secure major government contracts, dominate the commercial satellite market, and push forward with ambitious missions tied to space exploration and global connectivity. As SpaceX’s valuation climbs, so does Musk’s standing as the most financially powerful entrepreneur the world has ever seen.

While Musk is widely associated with Tesla, X (formerly Twitter), Neuralink, and The Boring Company, SpaceX has emerged as the crown jewel of his empire—representing the long-term vision that investors and governments alike are betting on. From reusable rockets to Starlink’s rapidly expanding satellite network, the company has reshaped what was once considered impossible in aerospace.

This historic valuation also reflects a broader shift in how wealth is created in the modern era. Unlike past industrial titans whose fortunes were built on oil, steel, or railroads, Musk’s wealth is rooted in innovation, intellectual property, and future-facing technology—from electric vehicles and artificial intelligence to space infrastructure.

Reaching $600 billion places Musk in a category entirely of his own, redefining what scale looks like in global entrepreneurship. It also reignites conversations around power, responsibility, and influence, as individuals now command resources once reserved for nations.

Love him or critique him, Elon Musk’s ascent signals one thing clearly: the future is being built by those bold enough to bet on it early—and relentlessly push forward.