In recent news, there’s been an interesting development: Elon Musk’s net worth has reportedly surpassed 600 billion US dollars for the first time. According to the Bloomberg Billionaires Index numbers, it seems to have reached about 6380 billion US dollars.

What’s behind all this is that SpaceX’s valuation has increased significantly. Through the sale of internal shares, the company has been assigned an valuation of about 8000 billion US dollars, which made it the most valuable private company in the world. Since Musk is the founder and CEO of this company, he naturally benefits from it.

Specifically, 42% of SpaceX shares held by Musk are worth about 3170 billion US dollars after applying a liquidity discount. That alone is already a huge amount, but when you add Musk’s Tesla shares and other assets as well, that’s how Elon Musk’s net worth reached this level.

This record is apparently the first time the Bloomberg Wealth Index has calculated a case where personal assets exceed 6000 billion US dollars. That means it’s an event unprecedented in human history. The expansion of SpaceX’s business and Tesla’s strong performance likely created the level needed to reach this point.