American entrepreneur Elon Musk has become the first person in the world whose net worth exceeds $800 billion, Forbes reports.

This milestone came after his company SpaceX acquired xAI – Musk’s artificial intelligence startup that created the chatbot Grok. According to Forbes, the deal increased Musk’s net worth by $84 billion, bringing it to a record $852 billion.

Before the acquisition, Musk owned approximately 42% of SpaceX shares, valued at $336 billion, and around 49% of xAI shares, worth $122 billion.

After the merger of the two companies, Forbes calculated that Musk now controls 43% of the combined entity, valued at $542 billion. This makes SpaceX his most valuable asset.

In addition, Musk owns 12% of Tesla shares, estimated at $178 billion, and holds stock options worth another $124 billion.

As Forbes notes, this is already the second instance within a year of Musk’s companies merging: last March, he announced the merger of xAI with the social network X (formerly Twitter).

Currently, Musk’s wealth exceeds that of the world’s second-richest person – Google co-founder Larry Page – by $578 billion. Page’s net worth is estimated at $281 billion. This means Musk needs roughly half of that amount to become the world’s first trillionaire.

According to Forbes, Elon Musk has become the first person in history whose net worth has reached the $600 billion mark. This puts him $425 billion ahead of Google co-founder Larry Page, whose fortune is estimated at $252 billion. The achievement is truly unprecedented: no one had previously managed to come anywhere near the $500 billion threshold.

A key driver behind the rapid growth of Musk’s wealth was the sharp increase in the valuation of SpaceX. Following a lucrative agreement with investors, the company was valued at $800 billion – up from $400 billion in August. Musk owns approximately 42% of SpaceX, a stake that has had a significant impact on his personal fortune.

Looking ahead, SpaceX is preparing for a potential stock market debut. An initial public offering (IPO) could take place as early as 2026. It is expected to further boost the company’s valuation, as SpaceX currently represents Musk’s most valuable asset.

An additional contribution to the entrepreneur’s rising wealth comes from his roughly 12% stake in Tesla. Despite a decline in sales, shares of the electric vehicle manufacturer have risen by 13% since the beginning of the year.

Moreover, media reports indicate that Musk’s artificial intelligence startup xAI is in active talks to raise $15 billion in funding, at a valuation of $230 billion.