Elon Musk’s personal wealth rose by $164 billion, approximately ₹15.65 lakh crore, in a single day after a sharp rally in SpaceX shares, taking his net worth to a record $1.27 trillion, about ₹121.22 lakh crore. The report said the one-day rise alone exceeded Warren Buffett’s lifetime net worth, estimated at $148 billion, around ₹14.13 lakh crore.
SpaceX Rally Drives Musk’s Wealth Surge
The article attributed the jump in Musk’s fortune to a nearly 20 percent rise in SpaceX shares. It said shares of the rocket-to-AI conglomerate closed 19.6 percent higher at $192.46 per share, approximately ₹18,370, on Monday, marking their second day of trading after a record-breaking IPO.
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According to the report, SpaceX had made its Nasdaq debut on Friday with a 19 percent surge, making it the sixth-largest company in the United States by market value. The company had earlier raised $75 billion, about ₹7.16 lakh crore, by selling 555.56 million shares at $135 per share, approximately ₹12,886, described in the report as the largest IPO in history before the greenshoe option was exercised.
The report said a large part of Musk’s wealth is tied to his stake in SpaceX. Regulatory filings cited in the article show that Musk holds about 4.8 billion SpaceX shares and around 350 million stock options, giving him an overall 38 percent equity stake.
Gap Widens With Other Billionaires
The article said Musk’s latest gain has created a historic lead over the next richest people in the world. Google co-founder Larry Page was listed second with $314 billion, approximately ₹29.97 lakh crore, followed by Sergey Brin with $292 billion, about ₹27.87 lakh crore, and Amazon founder Jeff Bezos with $267 billion, around ₹25.49 lakh crore.
The report also said Musk’s wealth had crossed the $500 billion, approximately ₹47.73 lakh crore, mark in October, rose above $600 billion, about ₹57.27 lakh crore, in December and surpassed $700 billion, around ₹66.81 lakh crore, just days later. It linked the rise to private valuations of his technology and aerospace ventures ahead of public listing.
After Musk, Page, Brin and Bezos, the article listed Larry Ellison, Michael Dell, Mark Zuckerberg, Jensen Huang, Bernard Arnault and Jim Walton among the other leading names in global wealth rankings.
Musk Sets Revenue Target as Analysts Urge Caution
The article said Wall Street expectations for SpaceX increased further after Musk stated on Sunday that the company could generate $1 trillion, approximately ₹95.45 lakh crore, in revenue by 2030. The report noted that SpaceX posted revenue of $18.7 billion, about ₹1.78 lakh crore, in 2025 and has not yet turned profitable.
Market participants, however, advised caution. Analysts and portfolio managers cited in the article said investors should be prepared for volatility in SpaceX’s early days as a public company, particularly because of its small float and high valuation.
The report added that institutional demand could continue supporting the stock, as SpaceX is being added to the Nasdaq 100 index. It also said FTSE Russell and MSCI are adding SpaceX to their global indexes, effective June 26 and June 29, respectively.
