Musk's Net Worth Races Toward $1 Trillion

Elon Musk’s net worth has climbed $26 billion this year to about $645 billion, driven largely by gains in Tesla shares and speculative valuations around SpaceX and xAI. The article notes Tesla stock is up 49% year‑over‑year versus a 32% rise for the S&P 500, but highlights flat car unit sales and risks around Tesla’s robotics/AI initiatives. SpaceX’s potential IPO and reported valuations (estimates up to $1.75 trillion and an IPO raise cited at $75 billion) are central to the outlook; Musk owns roughly 42% of SpaceX. Analysts and Morningstar warn of uncertainty from the xAI integration and possible post‑IPO sell‑downs. Musk could reach a $1 trillion net worth if SpaceX’s valuation holds or Tesla achieves major robotics progress.