Elon Musk returns to trillionaire status as SpaceX, Tesla shares rise
A rise in the value of Musk's stakes in SpaceX and Tesla has pushed his fortune back past $1 trillion, according to Bloomberg's billionaire tracker.
What happened
Elon Musk has again become a trillionaire, as the value of his stakes in SpaceX and Tesla has risen.123
His fortune jumped by $65 billion on Monday to $1.04 trillion, according to the Bloomberg Billionaires Index.2
SpaceX shares have climbed to their highest level since June, bouncing almost 60% off their early August low, boosted by the company's AI business and Starship progress.3
Key points
What the coverage leaves out
- None of the outlets reviewed reported Musk's own reaction or comment on regaining trillionaire status.
- None of the outlets reviewed reported how this wealth change compares to his previous peak or losses earlier in the year.
Why it matters
Musk's fortune is reported to have jumped by $65 billion in a single day, to $1.04 trillion, according to the Bloomberg Billionaires Index.2
SpaceX shares are reported to have risen almost 60% off their early August low, with the gains linked to the company's AI business and progress on its Starship program.3
MarketWatch frames Musk's wealth by comparing it to the size of national economies such as Poland and Ireland.1
Sources (3)
Every outlet we drew on, grouped by where it is based. Read the originals for the full reporting.