Elon Musk Becomes Tn Again as SpaceX, Tesla Shares Rise
Elon Musk becomes a trillionaire again as SpaceX and Tesla shares rally, with net worth near USD 1.06 trillion.
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
Elon Musk’s net worth rose back above USD 1 trillion on Monday, October 5, as shares of SpaceX and Tesla both climbed, making him a trillionaire for the second time this year. According to the Bloomberg Billionaires Index, his fortune jumped by about USD 65 billion in a single day to roughly USD 1.04 trillion, while Forbes placed his net worth at USD 1.06 trillion.
SpaceX shares rose nearly 8%, reaching their highest level since mid-June, reportedly following a bullish note from Morgan Stanley analysts and renewed investor optimism around the company’s AI and Starship programs. SpaceX recently launched its Starship rocket into orbit successfully. Tesla shares also gained between 1-2.2% on the day, supported by stronger-than-expected third-quarter delivery numbers and improved sales in Europe and China. Together, Musk’s SpaceX and Tesla holdings account for more than 98% of his net worth.
Musk first became a trillionaire in June 2026, when SpaceX debuted on the Nasdaq in a record-breaking IPO. That milestone was short-lived, as SpaceX and Tesla shares subsequently declined amid a broader technology sell-off, pulling his fortune back below $1 trillion within weeks.
Elon Musk’s net worth rose back above USD 1 trillion on Monday, October 5, as shares of SpaceX and Tesla both climbed, making him a trillionaire for the second time this year. According to the Bloomberg Billionaires Index, his fortune jumped by about USD 65 billion in a single day to roughly USD 1.04 trillion, while Forbes placed his net worth at USD 1.06 trillion.
SpaceX shares rose nearly 8%, reaching their highest level since mid-June, reportedly following a bullish note from Morgan Stanley analysts and renewed investor optimism around the company’s AI and Starship programs. SpaceX recently launched its Starship rocket into orbit successfully. Tesla shares also gained between 1-2.2% on the day, supported by stronger-than-expected third-quarter delivery numbers and improved sales in Europe and China. Together, Musk’s SpaceX and Tesla holdings account for more than 98% of his net worth.
Musk first became a trillionaire in June 2026, when SpaceX debuted on the Nasdaq in a record-breaking IPO. That milestone was short-lived, as SpaceX and Tesla shares subsequently declined amid a broader technology sell-off, pulling his fortune back below $1 trillion within weeks.
