2026-5-4 18:56 |
Elon Musk’s net worth crossed $800 billion this weekend, and the Tesla and SpaceX chief is not slowing down. Pressed on the figure, Musk fired back with a $10 trillion target.
Musk’s wealth now equals 2.7% of the US gross domestic product. That share is unmatched since John D. Rockefeller’s Standard Oil era in 1913.
Using World Bank 2024 data, the average GDP across 176 countries was about $612.36 billion. So, Musk is now worth more than the average national economy.
$10T or bust
— Elon Musk (@elonmusk) May 3, 2026 Wealth Concentration Last Seen in 1913Diamandis posted the comparison on X. He noted that no individual had matched Rockefeller’s grip on the American economy in more than 100 years. Rockefeller built his fortune on oil. Musk built his on electric vehicles, rockets, satellites, and artificial intelligence.
Tesla, SpaceX, Twitter, or X, and xAI together form the bulk of his paper wealth. Tesla shares carry its largest exposure, while privately held SpaceX is now valued near $400 billion in secondary markets. Both companies also retain meaningful Bitcoin reserves on their balance sheets.
His exposure stretches beyond corporate treasuries. His father has claimed the brothers hold more than 23,000 BTC, valued at more than $1.6 billion at current prices. Musk has vocally backed Bitcoin and Dogecoin in the past.
Musk’s Path to $10 TrillionReaching $10 trillion would require Musk’s combined holdings to multiply more than twelvefold from current levels.
Supporters point to autonomous taxis, Optimus humanoids, Starship cargo missions, and xAI data centers as the primary drivers of growth. Tesla’s market capitalization alone would need to rival the largest publicly traded companies in history.
X, now bundled with xAI, sits at the center of his consumer strategy. The platform has rolled out X Money in select US states and is testing in-feed crypto trading features. Musk has also signaled future integration of Dogecoin, though X has not confirmed any specific token.
Critics see the target as theatrical. Tesla’s stock trades on aggressive growth assumptions. Regulators are sharpening their review of SpaceX launch operations. Antitrust watchdogs are tracking X’s expansion into financial services. Any setback could quickly compress Musk’s paper wealth.
Musk’s reply drew 1.3 million views within hours. It reignited debate over whether any founder should hold this much of the American economy. Rockefeller’s record may stand or fall based less on Wall Street. The deciding factor may be how regulators define the limits of private wealth concentration.
The post Elon Musk Is Now Worth More Than an Average Country’s GDP appeared first on BeInCrypto.
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