Elon Musk net worth is about $905 billion on October 23, 2026, counting only the Tesla and SpaceX shares and SpaceX options he owns outright or can exercise today. Add the Tesla stock that has not yet vested and the figure passes $1 trillion, and Forbes’ real-time list read $922.9 billion on October 24, 2026.
The sum is built here from documents rather than a ranking: Tesla’s proxy statement of October 19, 2026, Musk’s Schedule 13G on SpaceX of August 13, 2026 and the funding rounds behind Neuralink and The Boring Company. Prices are the October 23 closes, $372.22 for Tesla and $147.49 for SpaceX. This article is general information, not financial advice.
Elon Musk Net Worth in October 2026: The Short Answer
Elon Musk net worth is roughly $905 billion on October 23, 2026, counting the 413.2 million Tesla shares, 4.77 billion SpaceX shares and 350 million SpaceX options he holds outright. SpaceX is about 78 percent of that total and Tesla 17 percent. Restricted stock that has not vested is left out.
SpaceX is the larger part of the fortune, and since June 2026 it has a market price: it listed on Nasdaq at $135.00 a share. On the October 23 closes his SpaceX shares were worth $703.0 billion, against $153.8 billion for the Tesla shares he owns outright.
Musk’s Holdings: Every Stake, Share Count and Value in One Table
| # | Holding | Shares or interest | Where it is documented | Value at October 23, 2026 closes |
|---|---|---|---|---|
| 1 | Tesla shares held by his revocable trust | 413,152,109 | Tesla proxy statement filed October 19, 2026, holdings at September 30 | $153.8 billion |
| 2 | Tesla restricted shares from the 2018 award | 286,428,773, vest January 19, 2028 | Same proxy statement | $106.6 billion |
| 3 | Tesla 2025 performance award | 423,743,904, none earned | Same proxy statement | Not counted |
| 4 | SpaceX Class A and Class B shares | 4,766,475,230 | Schedule 13G filed August 13, 2026, holdings at June 30 | $703.0 billion |
| 5 | SpaceX options, exercise price $8.3998 | 350,000,000 | Same Schedule 13G and the June 2026 prospectus | $48.7 billion above exercise cost |
| 6 | SpaceX restricted performance shares | 1,302,072,285, not vested | Same Schedule 13G | Not counted ($192.0 billion if all vested) |
| 7 | Neuralink | Stake not disclosed | Series E of $650 million announced June 2, 2025 | No published valuation |
| 8 | The Boring Company | Stake not disclosed | Series D announced September 9, 2026 | Valuation $23 billion, his share unknown |
Counting the first, fourth and fifth rows gives $905 billion. Adding row two, the Tesla shares that vest in January 2028, gives $1.01 trillion. Adding row six as well gives $1.20 trillion. Rows three, seven and eight stay out of every total in this article.
Tesla: 699.6 Million Shares and Two Pay Packages
Tesla’s proxy statement lists 699,580,882 shares for Musk at September 30, 2026, or 19.8 percent after the proxy excludes his unearned award shares from the count. The trust holds 413,152,109 and the other 286,428,773 are restricted shares from the 2018 award. The table lists no exercisable options for him.
Tesla had 3,952,648,559 shares outstanding, so the trust shares are 10.5 percent of the company and all 699.6 million are 17.7 percent. Tesla’s market value at $372.22 was about $1.47 trillion. Third-quarter 2026 revenue was $28.0 billion.
The 2018 Award: Rescinded, Reinstated, Exercised
In January 2018 the board granted Musk an option on 303,960,630 shares, split-adjusted, in 12 tranches that each equalled 1 percent of Tesla at the time. The Delaware Supreme Court reversed the lower court’s rescission on December 19, 2025, and the Court of Chancery entered its final order on March 18, 2026.
On April 21, 2026 the board approved an Implementation Agreement. On June 16, 2026 Musk exercised all 303,960,630 options and Tesla withheld 17,531,857 shares to cover the exercise price. The remaining 286,428,773 shares vote now but vest only if he is still CEO, or runs product or operations, on January 19, 2028.
The 2025 Award: 423.7 Million Shares, None Earned
Granted on September 3, 2025, this award has 12 tranches of 35,311,992 shares. Each needs a market value milestone, starting at $2.0 trillion and rising to $8.5 trillion, plus operational goals such as 20 million vehicles delivered, 1 million Robotaxis in commercial operation or $50 billion of Adjusted EBITDA. The proxy states that none has been earned.
On today’s share count, $2.0 trillion means a Tesla price of about $506. Earned shares vest after 7.5 or 10 years, are reduced by an offset of $334.09 a share, and must be held for five years. A separate 96 million share award from August 2025 was forfeited on April 21, 2026 because the 2018 award returned.
SpaceX, xAI and X: One Listed Company Since June
SpaceX is no longer private. Its registration became effective on June 11, 2026, the offering priced at $135.00 a share, and the stock trades on Nasdaq as SPCX. Musk’s other companies are folded in: SpaceX acquired xAI effective February 2, 2026, and xAI had acquired X effective March 28, 2025.
Musk’s August 13 Schedule 13G shows 6,418,547,515 shares on an as-converted basis at June 30. That is 849,494,440 Class A and 3,916,980,790 Class B shares he owns, 1,302,072,285 restricted Class B shares and 350,000,000 options. With Class B’s ten votes a share, the prospectus put his voting power at about 82 percent after the IPO.
Starlink, Launch and AI: What the Shares Are Worth
SpaceX reported third-quarter revenue of $14.6 billion, up from $5.6 billion a year earlier, and net income of $4.4 billion. Connectivity, the Starlink segment, brought in $5.2 billion and the AI segment $7.6 billion.
At $147.49 and 13.58 billion shares outstanding on October 15, SpaceX was worth $2.0 trillion. His 4.77 billion shares are 35 percent of the company. He agreed not to sell any of them for 366 days after the offering, until June 12, 2027.
xAI and X
xAI says its Colossus cluster was built in 122 days and then doubled in 92 days to 200,000 GPUs. X has no separate stake in this article because it sits inside xAI, and xAI sits inside SpaceX.
The Restricted Performance Shares
Musk also holds 1,302,072,285 restricted Class B shares: 1,000 million from a January 2026 award in 15 tranches from $500 billion to $7.5 trillion of market value, and 302.1 million from a March 2026 award in 12 tranches from $1.065 trillion to $6.565 trillion. The first needs a permanent Mars colony of at least one million people. The second needs non-Earth data centers delivering 100 terawatts of compute a year.
Neuralink and The Boring Company: Funding Rounds, Not Market Prices
These two have no share price, and no filing found discloses Musk’s percentage of either. Neuralink announced a $650 million Series E on June 2, 2025 and published no valuation. Its updates page shows no later round as of October 24, 2026.
The Boring Company announced a $3 billion Series D at a $23 billion valuation on September 9, 2026, led by the United Arab Emirates and affiliated investors. A funding-round valuation is an estimate agreed between a company and new investors, not a price at which his stake could be sold.
Why Totals for the Same Man Differ by Tens of Billions
Three choices move the figure. The first is restricted stock: the 286.4 million Tesla shares add $106.6 billion and the 1.30 billion SpaceX shares add $192.0 billion at the October 23 closes. A total that leaves them out and one that counts them are about $300 billion apart.
The second is the price date. The SpaceX close was $144.75 on October 22 and $147.49 on October 23, a $2.74 gap worth $13.1 billion on his shares. The third is private holdings: Forbes’ entry carries $24.0 billion of private assets, and its profile names Neuralink and The Boring Company as his other stakes.
What a 10 Percent Move in Each Stock Does to the Total
A 10 percent move in Tesla changes his outright shares by $15.4 billion, or $26.0 billion with the restricted shares. The same move in SpaceX shifts $75.2 billion, because his SpaceX shares and option gains are worth almost five times his outright Tesla stock.
SpaceX has already moved that much. It rose 7.79 percent on October 21, adding about $55 billion to his shares, and fell 9.14 percent on October 22, removing about $69 billion.
Pledged Shares: The Loan Collateral in Tesla’s Proxy
Footnote 2 of the ownership table says 207,498,721 of his Tesla shares are pledged as collateral for personal debt. At $372.22 that is $77.2 billion of stock, about 30 percent of his holding. Tesla’s policy caps what the CEO may borrow against pledged stock at the lesser of $3.5 billion and 25 percent of its value.
At today’s price 25 percent would be $19.3 billion, so the $3.5 billion cap applies, 4.5 percent of the pledged value. The proxy adds that a pledge does not show the amount borrowed, and that directors and officers together had borrowed less than 1 percent of the value of their pledged shares at December 31, 2025. The SpaceX prospectus lists 237,530 pledged Class A shares, about $35 million.
The 2021 Option Exercise and the Tax Bill
Tesla’s 2021 annual report says Musk exercised all remaining vested options from his 2012 award that year, with an intrinsic value of $23.45 billion. His Form 4 filings for November and December 2021 show 22,862,050 of those options exercised at $6.24 a share, alongside sales of Tesla stock in the same window.
The filings say Tesla withheld the appropriate taxes and that Musk signed an indemnification agreement in November 2021 for any additional tax owed. They do not state a tax total. The IRS treats the spread on a nonstatutory option as income at exercise, so the bill arrives when the option is used, not when the stock is sold.
Where Musk Ranks on the Richest-People Scale
Forbes’ real-time list, read on October 24, 2026, placed Musk first at $922.9 billion, about 2.5 times the $368.1 billion of second-place Jeff Bezos. Forbes says he became the first trillionaire on June 12, 2026, the day SpaceX went public. Our ranking of the richest people in the world covers the rest, and the richest country in the world guide shows how national incomes compare.
What Musk Has Given Away: The Musk Foundation’s Filings
The Musk Foundation, exempt since September 2020, files Form 990-PF returns, published by ProPublica. They show grants paid of $159.9 million in 2021, $160.5 million in 2022 and $236.6 million in 2023, with year-end assets at fair market value of $9.4 billion, $5.1 billion and $9.5 billion.
Those grants are small beside the fortune: 2023’s $236.6 million is about 0.03 percent of $905 billion. For the largest gifts on record, see the largest charitable donations in history.
Frequently Asked Questions
Is Elon Musk a trillionaire?
On Forbes’ list he crossed $1 trillion on June 12, 2026, but it read $922.9 billion on October 24, 2026. On shares and options he owns today the sum is about $905 billion, and it passes $1 trillion only if restricted Tesla shares are counted.
How much of SpaceX does Elon Musk own?
His 4,766,475,230 shares are about 35 percent of the 13.58 billion outstanding. Counting 1.30 billion restricted shares and 350 million options, his Schedule 13G shows 48.4 percent of Class A on an as-converted basis.
Does Elon Musk take a salary from Tesla?
No. Tesla’s proxy says he has never accepted his salary, which was eliminated in May 2019. His pay comes as stock awards that vest only if the milestones are met.
How much Tesla does Elon Musk own?
The proxy shows 699,580,882 shares at September 30, 2026, 19.8 percent by the proxy’s method and 17.7 percent of all shares outstanding. Of those, 413,152,109 are owned outright and 286,428,773 are restricted until January 19, 2028.
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