Elon Musk has become the first person in history worth more than $800 billion after his rocket company, SpaceX, acquired his artificial intelligence and social media firm, xAI.
According to Forbes, the deal values the combined company at $1.25 trillion and boosted Musk’s fortune by $84 billion, taking his net worth to a record $852 billion.
Before the merger, Musk owned about 42% of SpaceX and 49% of xAI. Following the deal, he is estimated to hold a 43% stake in the combined SpaceX–xAI company, valued at approximately $542 billion, making it his most valuable asset.
Musk also owns a 12% stake in Tesla and holds stock options in the electric vehicle maker, further strengthening his position as the world’s richest individual.
With this milestone, Musk now sits nearly $580 billion ahead of Google co-founder Larry Page, the world’s second-wealthiest person, edging him closer to becoming the first trillionaire in history.
