Elon Musk net worth is $905 billion on October 23, 2026 if you count only what he owns or can exercise: Tesla shares in his trust, SpaceX shares and SpaceX options. It becomes $1.01 trillion with Tesla restricted stock and $1.20 trillion with SpaceX performance shares, and Forbes’ live list read $922.9 billion on October 24, 2026.
Each figure here multiplies a share count from a filing by a closing price: $372.22 for Tesla and $147.49 for SpaceX on October 23. The filings are Tesla’s proxy statement of October 19, 2026, Musk’s August 13, 2026 Schedule 13G and the SpaceX IPO prospectus. General information only, not financial advice.
Elon Musk Net Worth in October 2026: Three Totals From One Set of Filings
Elon Musk net worth is about $905 billion on the closes of October 23, 2026: $703.0 billion of SpaceX shares, $48.7 billion of SpaceX option value and $153.8 billion of Tesla shares. Unvested restricted stock adds $106.6 billion at Tesla and $192.0 billion at SpaceX if counted.
- $905 billion: shares and options he owns or can exercise today
- $1.01 trillion: plus 286.4 million restricted Tesla shares that vest on January 19, 2028
- $1.20 trillion: plus 1.30 billion restricted SpaceX shares that need market value and mission milestones
The Eight Holdings Behind Elon Musk’s Fortune, Largest First
| # | Holding | Shares or interest | Document | Price used | Value |
|---|---|---|---|---|---|
| 1 | SpaceX Class A and B shares | 4,766,475,230 | Schedule 13G, filed Aug 13, 2026 | $147.49 | $703.0 billion |
| 2 | SpaceX options (strike $8.3998) | 350,000,000 | Same 13G and the IPO prospectus | $147.49 | $48.7 billion over strike |
| 3 | Tesla shares in his trust | 413,152,109 | Tesla proxy, filed Oct 19, 2026 | $372.22 | $153.8 billion |
| 4 | Tesla restricted shares (2018 award) | 286,428,773 | Same proxy; vest Jan 19, 2028 | $372.22 | $106.6 billion |
| 5 | SpaceX restricted performance shares | 1,302,072,285 | Same 13G; Mars and AI awards | $147.49 | $192.0 billion, unvested |
| 6 | Tesla 2025 award | 423,743,904 | Same proxy; no tranche earned | $372.22 | $157.7 billion, unearned |
| 7 | Neuralink | Not disclosed | Series E, $650 million, Jun 2, 2025 | None | No valuation published |
| 8 | The Boring Company | Not disclosed | Series D, $3 billion, Sep 9, 2026 | Round at $23 billion | His share unknown |
Rows one, two and three are in every total above. Row four joins the second total and row five the third. Rows six, seven and eight are in none: the 2025 Tesla award has earned nothing, and the two private companies have no market price.
SpaceX Is the Biggest Piece: IPO Terms, Lock-Up and Votes
SpaceX priced its initial public offering at $135.00 a share, with the registration effective on June 11, 2026, and trades on Nasdaq as SPCX. The company sold 638.9 million Class A shares, including the over-allotment, for net proceeds of $85.7 billion.
On October 15 it had 8,246,541,218 Class A and 5,334,522,491 Class B shares outstanding, a value of $2.0 trillion at $147.49. Class B carries ten votes, and the prospectus put Musk’s voting power at about 82.4 percent after the offering, which makes SpaceX a controlled company under Nasdaq rules.
What the Schedule 13G Counts
His 13G reports 6,418,547,515 shares as of June 30, 2026: 849,494,440 Class A shares, 3,916,980,790 Class B shares held through trusts, 1,302,072,285 restricted Class B shares and 350,000,000 options. The filing gives 48.4 percent of Class A on an as-converted basis. His 4.77 billion unrestricted shares are 35 percent of everything outstanding.
The Options Struck at $8.3998
The prospectus lists his options at an exercise price of $8.3998, expiring February 11, 2031, with 344,166,650 exercisable and 8,333,350 not yet. Exercising 350 million costs $2.9 billion against a value of $51.6 billion, so the table counts only the $48.7 billion difference.
Lock-Up and Pledges
Musk agreed to a 366-day lock-up on all of his shares, until June 12, 2027, with no early release. Together with other holders the restricted block is 7.8 billion shares, about 60 percent of the company. Of his Class A shares, 237,530 are pledged for personal debt, roughly $35 million.
Revenue Behind the Price, Including xAI and X
SpaceX absorbed xAI on February 2, 2026, and xAI had taken in X on March 28, 2025, so Grok, which appears among the ChatGPT alternatives, and the social network report inside SpaceX. Third-quarter 2026 revenue was $14.6 billion against $5.6 billion a year earlier, with Starlink’s Connectivity segment at $5.2 billion, AI at $7.6 billion and Launch Services at $1.1 billion. Net income was $4.4 billion.
Tesla: What the October 2026 Proxy Statement Shows
Tesla’s proxy lists 699,580,882 shares for Musk at September 30, 2026. The Elon Musk Revocable Trust holds 413,152,109 and 286,428,773 are restricted shares from the 2018 award. Vanguard Capital Management is next at 210,796,512 shares, 5.3 percent.
Third-quarter revenue was $28.0 billion: $20.6 billion from automotive, $2.9 billion from energy generation and storage and $4.6 billion from services and other. Musk draws no salary. The proxy’s summary compensation table totals $158.4 billion for 2025, the grant-date value of two stock awards, while compensation actually paid was $10.4 billion.
Shares and the January 2028 Vesting Date
The 2018 award was an option on 303,960,630 shares. After the Delaware Supreme Court reinstated it on December 19, 2025, he exercised every option on June 16, 2026, and Tesla withheld 17,531,857 shares to cover the exercise price. The 286,428,773 left are forfeited if he stops being CEO or a product or operations executive before January 19, 2028.
The Unearned 2025 Award and Its $2.0 Trillion First Rung
The 2025 award has 12 tranches of 35,311,992 shares, so 423,743,904 in all. Tranche one needs a $2.0 trillion market value, about $506 a share on 3,952,648,559 shares, plus one operational milestone. Tranche twelve needs $8.5 trillion and all 12.
The operational list runs from 20 million vehicles delivered, 10 million active FSD subscriptions, 1 million bots and 1 million Robotaxis to Adjusted EBITDA of $50 billion up to $400 billion. The proxy confirms none of the 12 tranches has been earned.
Stock Musk Does Not Own Yet: The Four Performance Awards
- Tesla 2018 award: exercised June 16, 2026; 286.4 million restricted shares vest January 19, 2028
- Tesla 2025 award: 423.7 million shares across 12 tranches from $2.0 trillion to $8.5 trillion; none earned
- SpaceX CEO Award: 1,000 million restricted shares in 15 tranches from $500 billion to $7.5 trillion, plus a permanent Mars colony of at least one million people
- SpaceX AI CEO Award: 302.1 million restricted shares in 12 tranches from $1.065 trillion to $6.565 trillion, plus non-Earth data centers delivering 100 terawatts of compute a year
SpaceX already stands at $2.0 trillion, above the first four value steps of its CEO Award, yet that award vests nothing until a Mars colony exists. A 96 million share Tesla award from August 2025 was forfeited on April 21, 2026 so that he could not collect twice.
Neuralink and The Boring Company: Valued by Investors, Not by Markets
Neuralink raised a $650 million Series E on June 2, 2025 from investors including ARK Invest, Founders Fund, Sequoia and Thrive, and has published no valuation. Its updates page lists no newer round as of October 24, 2026, though it reported 21 participants in its trials in January.
The Boring Company raised $3 billion at $23 billion on September 9, 2026, led by the UAE. The Las Vegas Convention Center Loop, a tunnel system of 1.7 miles, cost about $47 million, and Vegas Loop has carried more than 4 million passengers. No filing discloses what share of either company Musk holds.
How Pledged Tesla Shares Work
The proxy discloses that 207,498,721 of his Tesla shares, $77.2 billion at $372.22, secure personal loans. His brother Kimbal Musk, a Tesla director, pledges 1,376,373 more. Under Tesla’s policy the CEO may not borrow more than the lesser of $3.5 billion and 25 percent of the pledged value.
Because 25 percent of $77.2 billion is $19.3 billion, the $3.5 billion limit binds, a loan-to-value of 4.5 percent. The proxy warns that a pledge does not reveal the amount borrowed, and that directors and officers had borrowed less than 1 percent of their pledged value at December 31, 2025.
The 2021 Exercise: $23.45 Billion of Value and a Withholding Question
Tesla’s 2021 10-K says Musk exercised the remaining vested options of his 2012 award during 2021, an intrinsic value of $23.45 billion. His Form 4 filings for November and December show 22,862,050 of those options exercised at $6.24, alongside sales of Tesla stock in the same window.
Tesla says it withheld the appropriate taxes, and that Musk signed an indemnification agreement in November 2021 for any further tax owed. Neither filing states the final bill, so no reliable tax total exists in the record.
What a Bad Day Does to the Total
A 10 percent drop in Tesla removes $15.4 billion from his outright shares, or $26.0 billion with the restricted block. A 10 percent drop in SpaceX removes $75.2 billion. That is why one stock decides the daily figure.
SpaceX closed at $147.79 on October 20, $159.31 on October 21 and $144.75 on October 22. That is a rise of about $55 billion on his shares in one day, followed by a fall of about $69 billion in the next.
Where Musk Ranks Today
Forbes’ real-time list, read on October 24, 2026, placed him first at $922.9 billion. The runner-up, Jeff Bezos, stood at $368.1 billion. Forbes says Musk became the world’s first trillionaire on June 12, 2026, when SpaceX went public. For national comparison, see the richest country in the world, where GDP per capita tops out near $192,000.
What Musk Has Given Away: Foundation Filings
The Musk Foundation files its returns on IRS Form 990-PF, which list grants paid of $159,938,705 in 2021, $160,461,913 in 2022 and $236,621,463 in 2023. Its revenue was $6.03 billion in 2021 and $2.55 billion in 2022, and the fair market value of its assets was $9.45 billion at the end of 2023.
Grants of $236.6 million are about 0.03 percent of a $905 billion fortune, and the 2023 return is the latest with published figures.
Frequently Asked Questions
What is Elon Musk’s net worth right now?
About $905 billion on October 23, 2026, on the shares and options he owns or can exercise. Forbes’ live list read $922.9 billion on October 24. The figure moves with SpaceX and Tesla prices every trading day.
Is Elon Musk a billionaire or a trillionaire?
He is a trillionaire on some measures. Forbes said he crossed $1 trillion on June 12, 2026, and counting restricted stock gives $1.01 to $1.20 trillion. On owned stock alone he is about $95 billion short.
How much of Tesla does Elon Musk own?
699,580,882 shares at September 30, 2026: 413,152,109 owned outright and 286,428,773 restricted. That is 17.7 percent of Tesla’s 3,952,648,559 shares, or 19.8 percent by the proxy’s method.
How much of his Tesla stock is pledged?
207,498,721 shares, about 30 percent of his holding. Tesla’s policy limits his borrowing against them to the lesser of $3.5 billion and 25 percent of their value.
