Elon Musk’s personal wealth has climbed above the $600 billion mark following a fresh private-market revaluation of SpaceX.
The latest valuation of SpaceX reflects strong investor appetite for the aerospace and satellite company, driven by its dominant position in commercial rocket launches and the rapid expansion of its Starlink satellite internet business.
Market participants said the reassessment significantly increased the paper value of Musk’s stake, pushing his net worth to levels never previously recorded.
SpaceX has steadily evolved from a launch services provider into a diversified space infrastructure company. Its reusable launch systems have lowered costs across the industry, while Starlink has emerged as a major global broadband network with millions of subscribers across multiple continents.
Investors view the combination of predictable launch revenues and recurring subscription income as a powerful long-term growth engine.
Unlike publicly traded companies, private valuations are typically adjusted through internal share sales, secondary transactions, or funding rounds involving institutional investors.
Analysts noted that recent SpaceX transactions were executed at prices well above previous benchmarks, signalling confidence in the company’s long-term earnings potential and strategic relevance to governments, enterprises, and consumers.
Musk’s wealth profile remains heavily concentrated in privately held and high-growth technology ventures rather than liquid cash assets. In addition to SpaceX, his holdings include significant interests in Tesla and other technology businesses.
This structure means his net worth is closely tied to investor sentiment, execution milestones, and broader market expectations around innovation-driven industries.
The surge in Musk’s fortune underscores a broader shift in global wealth creation, where private technology companies increasingly rival or surpass public corporations in valuation and influence.
It also highlights how founders of such firms can accumulate extraordinary paper wealth long before any public listing or large-scale monetisation event.
Market observers said the SpaceX revaluation could renew speculation about a future public offering of Starlink or other parts of the business, although the company has consistently indicated a preference for remaining private while scaling operations.
Any eventual listing would likely have far-reaching implications for capital markets and investor access to the space economy.
For now, the revaluation cements Musk’s status at the top of the global wealth hierarchy, setting a new benchmark for founder-led value creation.