Elon Musk regains trillionaire rank as SpaceX shares surge past $167
SpaceX stock jumped over 5% to $167, lifting Elon Musk’s net worth by $30.6 billion and restoring his trillionaire status, leaving him well ahead of Jeff Bezos.
SpaceX shares surged past $167, a gain of over 5%, which added $30.6 billion to Elon Musk’s fortune and returned him to the trillionaire club. Tesla stock also rose more than 1%, contributing to the wealth increase that followed a $61 billion jump after better-than-expected delivery numbers. Morgan Stanley analysts had previously highlighted SpaceX as undervalued, and the stock’s lift was further supported by Starship’s inaugural successful orbit last week.
Musk hinted at rebranding SpaceX’s AI subsidiary to align with a recent executive order, though no official steps were taken by Monday. The company’s IPO on Nasdaq priced at $135 per share, giving Musk roughly 82.4% voting control, and its 2025 revenue reached $18.67 billion while posting a $4.94 billion loss after a prior profit.
Why it matters
Musk’s regained trillionaire status underscores the volatility and scale of tech-sector wealth tied to SpaceX and Tesla performance.
How this story developed
- Sep 28 NASA and SpaceX ready to launch Crew-13 for ISS research and technology tests
- Oct 2 Crew‑13 arrived at the ISS in a record‑fast less‑than‑eight‑hour flight and docked with the station.
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