Musk Returns to Trillionaire Status as SpaceX, Tesla Shares Rise
MT newswire2026/10/05 23:0707:07 PM EDT, 10/05/2026 (MT Newswires) -- Elon Musk's fortune rose by $65 billion to $1.04 trillion on Monday as shares of SpaceX and Tesla climbed, Bloomberg reported. SpaceX shares have gained 13% since the start of October, while Tesla shares are up 6.7%, according to Bloomberg. Musk's stakes in the two companies account for more than 98% of his net worth, the report said. Musk's fortune last reached trillionaire status in June after SpaceX's initial public offering, but later fell as the company's shares declined, Bloomberg reported.
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