adOct 6, 2026, 06:33

Elon Musk becomes a trillionaire again thanks to SpaceX and Tesla stock gains

Elon Musk has regained his trillionaire status with a net worth of 1.04 trillion dollars following stock gains in SpaceX and Tesla. The increase was fueled by positive company performance, including a successful SpaceX space mission and strong quarterly sales results for Tesla.

Elon Musk has reclaimed his status as a trillionaire after his net worth increased by 65 billion dollars to reach 1.04 trillion dollars. This financial milestone was driven by significant stock market gains for his companies, SpaceX and Tesla, which are listed on the New York exchanges. Bloomberg reports that this is the first time in three months that Musk’s wealth has surpassed the trillion-dollar mark, a feat he previously achieved in June following a major SpaceX valuation surge.

The recent rise in Musk’s fortune follows a 13 percent increase in SpaceX shares and a nearly 7 percent climb for Tesla stock. Investors were bolstered by the successful mission of a SpaceX Falcon 9 rocket to the International Space Station and Tesla's announcement of better-than-expected sales figures for the third quarter. Musk’s total wealth remains closely tied to his substantial holdings in these two entities, placing him significantly ahead of other global billionaires like Larry Page and Jeff Bezos.

Economy Business Technology

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Based on reporting by ad. Translated and condensed by LocalHeadlines.

More companies adopt flexible power grid usage as waitlist growth slows

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