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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Elon Musk's Net Worth Surges $3B in a Day to $491B After SpaceX Eyes $30B IPO

Elon Musk could reach trillionaire status by 2033. (Credit: AFP News)

Elon Musk's net worth could soar to $1 trillion (£750.6 billion) by 2033, according to reports, as the first of two vesting dates for his $1 trillion pay package approaches. His wealth remains closely linked to Tesla, alongside ventures such as xAI and SpaceX.

According to The Forbes Billionaire List, Musk's net worth increased by $3.1 billion (£2.3 billion) to $491 billion (£368.5 billion) on Tuesday, following reports that SpaceX is advancing its plans for an initial public offering (IPO) to raise over $30 billion (£22.5 billion). If successful, this transaction would mark the largest IPO of all time.

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