Elon Musk has just become the first person ever worth $600 billion

Soon he could become a trillionaire

Thanks to the soaring valuation of his aerospace company SpaceX, the richest person in the world is worth nothing less than $600 billion now, Forbes reports.

The fortune of the world’s richest man has been boosted further as earlier this month, his space transportation company launched a tender offer valuing the firm at $800 billion.

And this is up from $400 billion in August, according to the company’s investors.

A tender offer is a public proposal by a company or third party to buy a large amount of a company's shares from existing shareholders.

The offer comes as SpaceX is targeting an IPO in 2026. Investors confirmed to Forbes that this could value the company at around $1.5 trillion.

Musk, 54, owns an estimated 42% of Space X, by $168 billion to an estimated $677 billion.

According to these estimates, Musk’s $336 billion stake in SpaceX is now his most valuable asset.

On the other hand, he has a 12% stake in Tesla which is worth no less than a whopping $197 billion.

Last month, shareholders at Tesla even approved a record-breaking pay package that could give Musk up to $1 trillion in additional stock if Tesla achieves “Mars shot” performance milestones like growing its market cap more than eightfold over the next ten years.

Add to these billions Musk’s xAI Holdings, which is reportedly in talks to raise new funding at a $230 billion valuation.

That would be more than double the $113 billion valuation Musk claimed when he formed the company in March by merging his artificial intelligence startup xAI with his social media company X (formerly Twitter).

According to Forbes estimates, the entrepreneur owns a 53% stake in xAI Holdings worth $60 billion.

Musk has achieved a series of milestones over the past five years and reaching the $600 billion net worth mark is just the latest one.

He is now is closer to becoming the world’s first trillionaire than losing his title of world’s richest person, given his $425 billion lead over current No. 2, Google cofounder Larry Page, who is worth an estimated $252 billion.

Musk, in spite of his mindblowing wealth, recently said he is limiting his public appearances amid security concerns.