Although Tesla remains his leading wealth driver, Musk’s other companies are now contributing significantly to his wealth. His AI company, xAI, which he founded in 2023, was valued at $75 billion in July and is reportedly targeting a valuation of up to $200 billion in future funding rounds.
At the same time, his space venture company, SpaceX, has seen its private worth balloon to approximately $400 billion, ranking it among the world’s most valuable private companies. Collectively, these businesses have significantly contributed to boosting Musk’s overall net worth.