Elon Musk on becoming world's first trillionaire: Money is not sitting in my bank account, it is small ...

Tesla and SpaceX CEO Elon Musk has now offered an insight into what his potential trillion-dollar fortune really represents, as SpaceX is all set for a possible IPO later this year.

In a recent conversation with entrepreneur Peter Diamandis, Musk has clarified that his wealth is not about the cash reserves. “It really just represents percentage ownership in companies that I built,” he said, adding, “It’s not like it’s sitting in a bank account,” said Elon Musk. Tesla CEO further explained that the valuation comes from the fact that his companies are doing “useful things,” which increases their worth.

His ownership stakes in Tesla, SpaceX, and xAI collectively add up to the staggering figure, though he admitted the number “seems high.”

Tesla CEO Elon Musk moves closer to becoming the world’s first-ever trillionaire

According to Forbes, Musk is already the richest person on the planet, surpassing the combined wealth of over 693 billionaires worldwide. Since October 2025, his net worth has rapidly climbed past $500 billion, $600 billion, $700 billion, and now $800 billion, making him the first individual in history to reach those milestones.

This increasing fortune of Elon Musk now exceeds that of the combined wealth of Google co-founders Larry Page and Sergey Brin as well as Meta CEO Mark Zuckerberg.

SpaceX IPO the major driver of Elon Musk’s wealth

SpaceX IPO is said to be one of the major growth factor in Elon Musk’s projected trillionaire status. The meteoric rise in the wealth of Elon Musk is mainly driven by the recent merger of his space company SpaceX and his artificial intelligence firm xAI. Together both the companies are valued ay $1.25 trillion.

Analysts are of the view that this deal could further increase Musk’s fortune and will help his net worth to surpass the trillion-dollar threshold.Also, SpaceX IPO is targeting an IPO valuation of around $1.5 trillion, potentially placing it among the most valuable companies in the world.

Elon Musk’s Tesla pay package

Another factor is Tesla’s new pay package for Musk, approved by shareholders in November 2025. The package is tied to ambitious milestones, including 1 million Robotaxis, 1 million Optimus humanoid robots, 10 million active Full Self-Driving subscriptions, and 20 million vehicle deliveries. Achieving these goals would unlock massive compensation awards, further boosting Musk’s net worth.