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Current Affairs

Assam Current Affairs October 2026

National

Elon Musk Becomes the First Person With $800 Billion Wealth

07 Oct 2026
Key Highlights
  • Elon Musk became the world’s first individual to cross the USD 800 billion net-worth milestone in February 2026.
  • The SpaceX-xAI merger, valued at USD 1.25 trillion, significantly boosted Musk’s wealth.
  • Musk’s net worth reached approximately USD 852 billion, with SpaceX becoming his most valuable asset.

Elon Musk became the first person in the world to accumulate a net worth exceeding USD 800 billion in February 2026. The milestone marked an unprecedented level of individual wealth and further strengthened his position as the world’s richest entrepreneur.

A major factor behind the surge was the merger of SpaceX and xAI, which created a combined entity valued at approximately USD 1.25 trillion. The restructuring reportedly added around USD 84 billion to Musk’s wealth by consolidating his stakes in the two companies.

Following the merger, SpaceX emerged as Musk’s most valuable asset, supported by its space-launch business, Starlink satellite network and government contracts. Tesla also remained a major contributor to his wealth through his shares and stock options. Musk’s wealth had risen from about USD 500 billion in October 2025 to over USD 800 billion by February 2026.

Practice MCQs

Tap an option to check your answer.
Q1. Who is cm of assam
  1. AGg
  2. BHh
  3. CVv
  4. DBh
Answer: (A) Gg
Q2. Who became the first individual to cross the USD 800 billion net-worth milestone?
  1. AJeff Bezos
  2. BElon Musk
  3. CMark Zuckerberg
  4. DLarry Ellison
Answer: (B) Elon Musk
Q3. Which two companies were merged to create a combined entity valued at USD 1.25 trillion?
  1. ATesla and SpaceX
  2. BxAI and Tesla
  3. CSpaceX and xAI
  4. DTesla and Neuralink
Answer: (C) SpaceX and xAI
Q4. Which company emerged as Elon Musk’s most valuable asset following the merger?
  1. ATesla
  2. BNeuralink
  3. CX
  4. DSpaceX
Answer: (D) SpaceX