Elon Musk's wealth surpasses trillion-dollar mark again... SpaceX fuels his fortune

American businessman Elon Musk has returned to the trillionaire club once again, as a sharp surge in shares of SpaceX and Tesla pushed his net worth above $1 trillion, marking the latest twist in the race among the world’s wealthiest individuals. Forbes estimated Musk’s wealth at approximately $1 trillion during trading, an increase of about $30.6 billion compared to the previous trading session, allowing him to maintain his position at the top of the global wealth rankings by a wide margin over his rivals.

The jump was driven primarily by a rise in SpaceX shares, which climbed more than 7% during Monday’s session and closed at around $171, marking the highest closing price since the company’s initial public offering in June last year. Tesla shares also gained, directly boosting the wealth of the founder of both companies.

The rise in SpaceX was not merely a fleeting market movement; it followed an optimistic assessment by Morgan Stanley, which maintained its positive recommendation for the stock and set a target price of $300, arguing that the shares appear undervalued when factoring in future growth prospects.

Meanwhile, investors are anticipating the next phase of the Starship program, after the fourteenth test flight achieved a significant milestone by reaching low Earth orbit for the first time and deploying Starlink satellites, further fueling optimism about SpaceX’s ability to accelerate its space program.

In the automotive sector, Tesla received another boost after announcing deliveries of 486,532 vehicles in the third quarter of 2026, surpassing analyst expectations of approximately 456,896 cars. These results have revived hopes that the company is returning to a path of annual delivery growth after two years of decline.

Musk first became the world’s first person to surpass a net worth of $1 trillion in June last year, following the start of trading for SpaceX shares on the US market. However, his wealth subsequently declined as shares of both SpaceX and Tesla fell, temporarily distancing him from that record level.

Musk’s wealth surge largely reflects the nature of his financial ties to the companies in which he holds substantial stakes; any sharp fluctuation in the stock prices of Tesla and SpaceX can add or subtract tens of billions of dollars from his paper wealth over a short period.