From Red Planet Dreams to Green Dollars: Musk’s Fortune Hits $500B

Elon Musk’s dreams may be of colonizing the Red Planet, but his fortune is firmly rooted in green dollars—500 billion of them, to be exact. The visionary entrepreneur, known for his long-term bets on humanity’s future, reached the historic net worth milestone this week thanks to the staggering present-day success of his earthbound ventures.
The primary source of this massive wealth is Tesla, a company built on the “green” technology of electric vehicles. A 13% rise in Tesla’s stock this year, pushing its value over $1.5 trillion, is what allowed Musk to accumulate this unprecedented fortune. The company proved its terrestrial dominance with a record 497,099 vehicle deliveries last quarter.
Of course, his Martian ambitions are also a massive source of wealth. His 42% stake in SpaceX, the company he founded to make humanity a multi-planetary species, is a cornerstone of his net worth. The rocket company is reportedly seeking a valuation of $400 billion, turning his spacefaring dreams into a colossal financial asset.
His latest venture, xAI, valued at $75 billion, tackles another futuristic dream: the development of advanced artificial intelligence. This too has quickly translated into a significant component of his wealth.
This week’s achievement beautifully illustrates the duality of his career. While his gaze is fixed on the stars and the future, his ability to execute and dominate terrestrial markets is what provides the financial fuel for his ambitions. The road to Mars, it turns out, is paved with green.