Mumbai, February 4: Elon Musk has made financial history by becoming the first person ever to reach a net worth of USD 800 billion. The unprecedented surge in his personal wealth follows a strategic consolidation of his business empire, specifically the acquisition of his artificial intelligence startup, xAI, by his aerospace firm, SpaceX.

This massive valuation leap further cements Musk’s position as the world’s wealthiest individual, widening the gap between him and other global billionaires. The deal has been viewed by market analysts as a transformative move that integrates advanced generative AI capabilities directly into the hardware and logistical infrastructure of SpaceX. Elon Musk Net Worth: Tesla, SpaceX CEO Holds 'World’s Richest Person' Status at USD 680 Billion After Surge Driven by Tesla Stock Rally and SpaceX Valuation Increase.

SpaceX and xAI Integration

The primary driver behind this wealth explosion was the internal acquisition of xAI by SpaceX. By folding the AI venture into the aerospace giant, the combined entity’s valuation soared, reflecting the high market demand for integrated AI and satellite technology. Musk’s significant ownership stakes in both companies meant that the resulting valuation boost was applied directly to his net worth.

Financial experts suggest that the merger creates a unique technological powerhouse. Investors have reacted positively to the prospect of xAI’s "Grok" and other machine learning models being used to optimise Starlink satellite deployments and Starship flight trajectories, leading to a surge in private secondary market share prices for SpaceX.

Global Wealth Milestones

Elon Musk’s journey to USD 800 billion marks a new chapter in global economics. For context, his wealth now exceeds the Gross Domestic Product of several developed nations. This milestone comes just years after he first crossed the USD 300 billion mark, showcasing the rapid acceleration of value within his portfolio of technology-driven enterprises.

Future of the Musk Empire

While the SpaceX-xAI deal is the cornerstone of this latest peak, Musk’s other ventures, including Tesla and the social media platform X, continue to play a pivotal role in his financial standing. However, the private nature of SpaceX allows for significant valuation jumps based on investment rounds and strategic acquisitions, unlike the public volatility often seen with Tesla. Elon Musk Net Worth: Tesla and SpaceX CEO Becomes First Person in History to Reach USD 500 Billion Fortune.

The consolidation of his AI and space interests suggests a long-term strategy to dominate the next frontier of technological infrastructure. As SpaceX continues its mission toward Mars and expands its global internet coverage, Musk’s financial trajectory remains closely tied to the successful execution of these high-stakes projects.

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(The above story first appeared on LatestLY on Feb 04, 2026 08:11 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).