Forbes estimated Elon Musk’s net worth at $800 billion on February 4, 2026, making him the first person to reach that estimated milestone. Forbes attributed an $84 billion increase in its estimate to the announcement that SpaceX had acquired xAI. The figure was an estimate of wealth—not cash paid to Musk—and it describes a February 2026 moment, not his net worth today.
What happened in the SpaceX-xAI deal?
SpaceX announced that it had acquired xAI on February 2, 2026. SpaceX’s SEC-filed interim report confirms the acquisition closed that day and that xAI became a wholly owned subsidiary of SpaceX. xAI’s official announcement stated: “SpaceX announced today that it has acquired xAI.”
The filing also records an earlier step in the corporate history: on March 28, 2025, xAI acquired X and X.AI Corp., making both wholly owned subsidiaries of xAI. The February 2026 deal therefore placed xAI—and, through it, X—within SpaceX.
What did the $800 billion figure mean?
Forbes’ February 4, 2026 video coverage described Musk as the first person ever worth $800 billion and said the deal announcement boosted its estimate of his fortune by $84 billion. Those are Forbes’ estimates of net worth and its change, not an audited balance sheet, a cash payment, or proceeds received by Musk.
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Net worth estimates combine assets and ownership stakes valued at estimates. Much of a billionaire’s reported wealth can be tied to company equity rather than money that can immediately be spent. A change in a publication’s estimate is therefore not the same as a deposit into the person’s bank account.
How to read the deal and wealth figures
| Figure | What it describes | Source and date |
|---|---|---|
| $800 billion | Estimated net worth milestone for Musk | Forbes, February 4, 2026 |
| $84 billion | Forbes’ estimated increase in Musk’s fortune associated with the deal announcement | Forbes, February 4, 2026 |
| $1.25 trillion | Reported valuation of the enlarged SpaceX-xAI entity; not a public trading price | Bloomberg, February 2, 2026 |
| $982 billion | Forbes estimate after SpaceX priced its IPO the prior evening; Forbes said the estimate had risen by $188 billion | Forbes, June 12, 2026 |
| $1.1 trillion | Forbes estimate as SpaceX began trading on Nasdaq | Forbes, June 12, 2026 |
| 638.9 million shares at $135 per share | IPO share and offering-price figures recorded in SpaceX’s filing | SpaceX SEC filing, June 2026 |
The $1.25 trillion figure is Bloomberg’s contemporaneous report of the combined company’s valuation. SpaceX’s SEC filing confirms the transaction mechanics and date, but does not establish that reported figure as a public market price. A deal valuation for a private-company merger and a value observed through public trading are different kinds of figures.
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Is $800 billion still Musk’s estimated net worth?
No. The $800 billion figure is a dated February 2026 milestone. Forbes later reported an estimate of $1.1 trillion on June 12, 2026, when SpaceX began trading on Nasdaq. The latest estimate cited here is from June; it does not establish Musk’s exact net worth on October 3, 2026.
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Sources
- xAI’s official news page announced the acquisition on February 2, 2026.
- SpaceX’s SEC-filed interim report records the February closing, subsidiary status, and June IPO figures.
- Bloomberg’s February 2, 2026 deal coverage reported the $1.25 trillion combined-entity valuation.
- Forbes’ February 4, 2026 video coverage described the $800 billion estimate and $84 billion increase.
- Forbes’ June 12, 2026 update reported the post-IPO estimates.
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