After SpaceX went public in June, Elon Musk became the first person with a net worth above $1 trillion. Forbes puts his net worth at $983 billion as of Oct. 21, after a peak of $1.45 trillion and a dip below $700 billion. Most of his wealth comes from about 38% of SpaceX, locked until June 12, 2027, and nearly 11% of Tesla. He holds roughly 85% of SpaceX's voting power through its dual-class structure, while Tesla trades at about 360 times trailing earnings and SpaceX at 68 times trailing sales. Both companies have formed independent director committees to evaluate a potential merger, and Musk's pay packages tie tranches to market caps as high as $8.5 trillion at Tesla and $7.5 trillion at SpaceX.
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Elon MuskSpaceXTeslamergers and acquisitionsIPO
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Related tickers and likely impact
TSLA
• NeutralTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.5T |
| Close on 10/23/2026 | 372.21 |
| Change that session | -0.63% |
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