Elon Musk’s wealth has reached a new high, topping $600 billion for the first time on the back of a new valuation for SpaceX.

Space X and Tesla CEO Elon Musk, has now reached a historic milestone by becoming the first individual to have a net worth of $600 billion. According to the Forbes report the increase is driven by the news of SpaceX going public at a valuation of $800 billion.

SpaceX's CEO also confirms that the company's rumored IPO is about generating funding to develop orbiting data centers using Starlink as a foundation.

Tesla shareholders have already approved an investment by the electric-vehicle maker in Elon Musk’s xAI. Could SpaceX be next?

Elon Musk’s plans to take SpaceX public spark debate over investment risks as the company juggles its costly Mars mission and growth of the lucrative Starlink satellite business. Investors are urged to consider SpaceX’s history of high research spending and Musk’s attention divided by multiple ventures.