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Elon Musk becomes the first person ever worth Ksh77.3 trillion
16th December, 2025 08:54 AM
Elon Musk on Monday, December 15, 2025, became the first person ever worth Ksh77.4 trillion, Forbes said, on the heels of reports that his SpaceX (SPAX.PVT) startup was likely to go public at a valuation of Ksh103.2 trillion.
Musk, who was the first to surpass Ksh64.5 trillion in net worth in October 2025, owns an estimated 42 per cent stake in SpaceX, which is preparing to go public in 2026, Reuters reported last week.
The SpaceX valuation would strengthen Musk’s wealth by Ksh21.7 trillion to an estimated Ksh87.3 trillion, according to Forbes.
Musk’s wealth also got a boost from his roughly 12 per cent stake in EV maker Tesla, shares of which have risen 13 per cent so far this year, despite flagging sales. They were up nearly 4 per cent on Monday after Musk said the company was testing robotaxis without safety monitors in the front passenger seat.
In November 2025, Tesla (TSLA) shareholders approved a Ksh129 trillion pay plan for Musk, the largest corporate pay package in history, as investors endorsed his vision of morphing the EV maker into an AI and robotics juggernaut.
As well, his artificial-intelligence startup xAI is in advanced talks to raise Ksh1.94 trillion in fresh equity at a valuation of Ksh29.7 trillion, according to a media report.
Musk, Tesla, SpaceX and xAI did not immediately respond to Reuters requests for comment.
Elon Musk is getting ready to see how much public investors will pay for his literal moonshots.
SpaceX is working toward a mid- to late-2026 IPO that, according to Bloomberg, could raise significantly more than Ksh3.87 trillion at a valuation of about Ksh193.5 trillion.
If bankers hit those numbers, it would be the biggest stock-market debut on record, leapfrogging Saudi Aramco’s roughly Ksh3.74 trillion listing in 2019 and dropping a rocket company straight into the same valuation airspace as Meta or Amazon.
The deal would bring the entire SpaceX machine, rockets, Starlink satellites, a growing defence business, plus a slate of off-world infrastructure projects, onto public markets in one shot, not just the Starlink unit Musk once dangled as a standalone IPO after its cash flow turned “predictable.”
Analysts and bankers are modelling revenue of around Ksh1.94 trillion in 2025 and Ksh2.84 trillion to Ksh3.10 trillion in 2026, with Starlink doing most of the work, which means investors would be paying something like 60 to 70 times 2026 sales for a company that still blows up prototypes on livestreams.
SpaceX’s pitch is that this is no ordinary industrial listing. A chunk of the IPO cash is said to have been earmarked for space-based data centres and the chips to run them, essentially turning low-Earth orbit into a cloud region, on top of funding Starship, more Starlink launches, and presumably some classified work that keeps the Pentagon on speed dial.
All of that makes for a seductive growth story if you believe in off-planet infrastructure, and a very expensive science project if you don’t.
