Elon Musk's net worth soars past $600B, driven by SpaceX IPO and xAI

• Elon Musk became the first individual to reach a $600 billion net worth.
• His wealth is primarily driven by the rising valuations of SpaceX, Tesla, and xAI.
• SpaceX's anticipated IPO next year, with an estimated $800 billion valuation, is a major contributor.
• Musk's 12% stake in Tesla and the company's recent share gains also boosted his fortune.
• His AI venture, xAI, is reportedly seeking $15 billion in funding at a $230 billion valuation.

Why It Matters: This highlights the unprecedented scale of individual wealth accumulation.