Business
Elon Musk rejoins trillionaire club as SpaceX and Tesla shares rally
October 6, 2026 at 01:02 PM
Elon Musk's wealth has climbed back above $1 trillion, crossing the threshold again after a one-day jump of about $65 billion.
- Musk's fortune rose about $65 billion in a day to again cross the $1 trillion mark, with SpaceX and Tesla making up more than 98 percent of his wealth.
- SpaceX shares gained more than 5 percent to roughly $167 on Monday, and Tesla rose over 1 percent, after Starship completed its first orbital flight.
- Musk first topped $1 trillion in June after SpaceX's record initial public offering, then lost more than $600 billion when the stock declined.
- Musk announced renaming SpaceX's AI subsidiary "SpaceX AI" to "SpaceX SI," referencing "superintelligence," the term President Donald Trump urged be used instead of artificial intelligence.