Bloomberg’s latest estimate puts Elon Musk’s net worth above $935 billion as Tesla and SpaceX shares recover from their 2026 lows. SpaceX has also signed an unnamed artificial intelligence customer for payments of $1.11 billion per month, equivalent to approximately $13 billion in annualized revenue.

Tesla closed Friday at $365.44, about 23% above its July low. SpaceX has recovered more than 40% from its weakest publicly reported market price this year. The gains have reinforced Musk’s position as the world’s wealthiest person by a wide margin.

Most of Musk’s fortune remains tied to SpaceX and Tesla. Neuralink and The Boring Company represent smaller, but increasingly valuable, private holdings. A new SpaceX computing agreement worth more than $1 billion per month could further strengthen the company that accounts for most of his wealth.

Musk’s Wealth Rises With Tesla and SpaceX

Data compiled by Bloomberg shows that Musk’s wealth increased by more than $16 billion on Friday. His estimated fortune now exceeds $935 billion, following an increase of more than $316 billion since the start of the year.

Musk’s wealth is greater than the combined fortunes of the next three billionaires—Larry Page, Jeff Bezos, and Sergey Brin—which total more than $838 billion. The remaining $97 billion would be enough to rank as the world’s 22nd-largest fortune.

SpaceX is the primary source of Musk’s wealth. The company operates in several major industries, including space, satellite internet, artificial intelligence, and data centers. Musk also holds a substantial stake in Tesla, the electric-vehicle manufacturer, which is expanding into humanoid robots, autonomous taxis, and clean energy.

The other companies in Musk’s business portfolio also carry substantial valuations. Neuralink, which is developing a brain-implant solution, is valued at more than $42 billion, making it one of the world’s most highly valued startups.

The Boring Company raised $3 billion this week at a valuation of $23 billion. Most of the newly raised capital came from the United Arab Emirates (UAE). The company nevertheless faces questions about its future after struggling to develop a workable solution to traffic congestion.

SpaceX Adds a $1.11 Billion Monthly Computing Agreement

Musk’s net worth rose as SpaceX reached a $1.1 billion-per-month agreement with an unidentified customer. The company is expected to begin receiving the payments in December this year. The arrangement amounts to roughly $13 billion in annualized revenue. Because payments are expected to begin in December, that figure represents a yearly run rate based on the stated monthly amount rather than revenue already received for a full year.

The agreement follows three significant data-center deals. SpaceX reached a $1.2 billion agreement with Anthropic, the company behind Claude, and later secured a $925 million deal from Google. Alphabet, Google’s parent company, is one of SpaceX’s largest shareholders.

SpaceX has also reached a major agreement with Reflection AI, a company valued at more than $25 billion. Reflection AI has begun paying SpaceX more than $150 million per month for computing power.

Musk has ambitious plans for the data-center project, including an eventual goal of building orbital data centers. Such facilities would have continuous access to solar energy, addressing one of the main cost challenges associated with data centers.

These developments have contributed to analyst expectations that SpaceX’s business will continue to expand. Estimates indicate that the company’s revenue could exceed $44 billion this year and $100 billion next year. The timing of the new customer’s payments and the continued development of SpaceX’s data-center business will be key details in assessing how these agreements contribute to the company’s reported revenue.

Tesla Faces China Slowdown and Higher AI Costs

Tesla faces several challenges, including a significant slowdown in China, its second-largest market. Many electric-vehicle companies in China, including BYD, have warned that the industry is slowing substantially. Companies are also dealing with increased competition and higher operating costs, while copper and other essential metals have risen in price in recent months.

Analysts therefore expect pressure on Tesla’s revenue growth to continue. Yahoo Finance data shows that analysts forecast a 2% decline in the company’s third-quarter revenue, to more than $27.5 billion.

Tesla also expects negative free cash flow this year because of its substantial artificial-intelligence spending. The company is allocating those funds as part of its partnership with SpaceX to build a large semiconductor manufacturing operation in Texas.

This article is for informational purposes only and should not be considered financial or investment advice. Equity markets remain volatile. Readers should conduct independent research before making investment decisions.

Source: The Market Periodical