X, formerly known as Twitter, owner Elon Musk is on the verge of making history as the first person ever to amass a net worth exceeding $600 billion (about KSh 77.36 trillion), Nairobi News has learned.
According to reliable reports, the surge in Elon Musk ‘s wealth is largely attributed to the skyrocketing valuation of his rocket company, SpaceX.
With this dramatic increase, Musk is now poised to become the world’s first dollar trillionaire.
The development comes as SpaceX eyes a potential initial public offering (IPO) in 2026 that could value the company at an astronomical $1.5 trillion (about KSh 193.41 trillion), a move that would likely propel Musk’s fortune into thirteen figures.
Musk reportedly owns an estimated 42% stake in SpaceX, now valued at $336 billion (about KSh 43.32 trillion), making it his single most valuable asset and pushing his total net worth to an estimated $677 billion (about KSh 87.29 trillion).
The dramatic revaluation of SpaceX to $800 billion (about KSh 103.15 trillion) reflects soaring investor confidence in the company’s dominance in satellite launches, its Starlink internet constellation, and its ambitious Starship program for deep-space exploration.
Nairobi News understands that this valuation jump alone added roughly $168 billion (about KSh 21.66 trillion) to Musk’s wealth in recent months.
One investor confirmed to Forbes that the tender offer is a precursor to the planned public listing in 2026, a move previously reported by multiple outlets, which could create the single-largest IPO in history.
Beyond SpaceX, Musk’s 12% stake in Tesla is worth $197 billion (about KSh 25.40 trillion).
Shareholders recently approved a record-breaking pay package that could grant him up to $1 trillion in additional Tesla stock if the company meets ambitious “Mars shot” growth targets over the next decade.
Additionally, Musk’s latest artificial intelligence venture, xAI Holdings, is reportedly in talks to raise funds at a $230 billion valuation (about KSh 29.66 trillion), which would significantly boost the value of his estimated 53% stake, currently valued at $60 billion (about KSh 7.74 trillion).
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