SpaceX Just Made Elon Musk $20 Billion Richer

SpaceX has launched its Falcon 9 rocket 83 times so far in 2025, accounting for 54% of total global space launches.

Sometimes the sums of money associated with Tesla and SpaceX CEO Elon Musk are, well, astronomical.

SpaceX has a new valuation, according to Bloomberg. It’s an eye-popping $400 billion, up from a recent $350 billion, following a capital raise and stock sales by insiders. The $50 billion increase makes Musk about $20 billion richer, as he is thought to hold some 40% of SpaceX stock.

SpaceX didn’t respond to a request for comment.

Musk’s total stake in SpaceX is worth about $160 billion. His Tesla stake, including contested stock options, is worth about $220 billion. Overall, including his other companies, including xAI, Musk’s net worth is north of $400 billion, according to Barron’s estimates.

It’s a lot of money.

It comes at an interesting time for the space-technology company, with tension between Musk and President Donald Trump running high. Musk, after serving as an advisor to the president, opposed the “One Big Beautiful Act,” and announced he was forming a new political party over the weekend. President Trump, in response, has threatened to take government business away from SpaceX, calling Musk a train wreck.

A loss of government contracts would hurt, but there isn’t really any substitute for SpaceX, which handles more than half of all global space launches. What’s more, Starlink, SpaceX’s space-based Wi-Fi service, accounts for most of the company’s valuation. That service has some 6 million subscribers and is profitable, according to company management.

SpaceX has been a tremendous success, dramatically lowering the costs to reach space by pioneering reusable rockets. SpaceX plans to cut costs further using a fully reusable, larger rocket-launch system called Starship. (Only the booster stage of Falcon rockets is reused today.)

SpaceX is still working out the kinks with Starship. It’s tested the system nine times. In June, a test ship exploded on the ground.

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None of that has mattered to investors, though. Engineering things for space isn’t easy, and despite hiccups and politics, the future for SpaceX looks bright.

At $400 billion, SpaceX is the most valuable aerospace company on the planet, and is worth more than Johnson & Johnson, Bank of America, and Home Depot, individually.

Write to Al Root at allen.root@dowjones.com