Forbes: Elon Musk's net worth surpasses $670 billion, closer to becoming a trillionaire than losing his title as the world's richest person

According to Jinse Finance, Forbes reported that earlier this month, Elon Musk's rocket company SpaceX launched a tender offer, doubling the company's valuation from $400 billions in August to $800 billions. This move caused Musk's personal wealth to soar by $168 billions, reaching an estimated $677 billions as of Monday. The tender offer comes as SpaceX plans to go public in 2026, when the company's valuation could reach as high as $1.5 trillions. Even without relying on an IPO, based on the current valuation, Musk's approximately 42% stake in SpaceX has already become his most valuable asset, worth $336 billions. His 12% stake in Tesla is valued at about $197 billions. In addition, xAI is reportedly negotiating a new round of financing at a $230 billions valuation, and Forbes estimates Musk holds a 53% stake in xAI, worth about $60 billions. Now, Musk leads the second-richest person, Larry Page (Google co-founder, with a net worth of about $252 billions), by as much as $425 billions.