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Musk Reclaims Trillionaire Status as SpaceX Shares Rebound

Elon Musk's fortune rose $65 billion to $1.04 trillion as SpaceX and Tesla shares rebounded. The gain restored his trillionaire status after a post-IPO slump.

By Published 2 min read
Elon Musk
Photo: dmoberhaus / Flickr / CC BY 2.0

The short version

  • Elon Musk's fortune rose $65 billion on Monday to $1.04 trillion, according to the Bloomberg Billionaires Index.
  • SpaceX shares are up 13% since the start of October while Tesla has gained 6.7%.
  • Shares of the space, artificial intelligence and social media company have rebounded 58% from an August low.
  • Musk's stake in SpaceX and Tesla makes up more than 98% of his net worth.
  • Morgan Stanley analysts called SpaceX one of the cheapest ways to play "the strong optionality" of the space and intelligence sector.

Why it matters: Musk's stake in SpaceX and Tesla makes up more than 98% of his net worth, according to Bloomberg's wealth index.

The Bloomberg Billionaires Index said Elon Musk's fortune climbed by $65 billion on Monday, reaching $1.04 trillion.

Monday marked the first occasion in three months when the 55-year-old tech mogul's fortune needed 13 numerals. A separate account dated the increase Oct 5.

Since October began, SpaceX shares have risen 13%, while Tesla shares have climbed 6.7%. From an August low, shares of the space, artificial intelligence and social media company have recovered 58%.

  • $65 billionupAdded on Monday
  • $1.04 trillionrestoredTotal wealth
  • 13%upSpaceX growth since October began
  • 6.7%upTesla growth
  • 98%more thanWealth tied to SpaceX and Tesla

Source: Bloomberg wealth index

Entrance to SpaceX headquarters
Photo: Olga Ernst / Wikimedia Commons / CC BY-SA 4.0

In June, SpaceX's record-breaking initial public offering sent its shares higher and made Musk the world's first trillionaire. Concerns about the company's sky-high valuation then drove shares down, and he soon lost that status.

As of late July, Musk's wealth had fallen $600 billion plus from its peak. That decline exceeded the net worth of anyone who had appeared on Bloomberg's list of the world's 500 richest people, except Musk himself.

Morgan Stanley analysts said on Monday that SpaceX was among the least expensive ways to pursue "the strong optionality" in the space and intelligence sector.

"the strong optionality"

Morgan Stanley analystsAnalysts

Last week, Tesla reported third-quarter sales that were better than expected. Renewed optimism about both companies has driven the latest gains.

Bloomberg's wealth index said more than 98% of Musk's net worth comes from his stakes in SpaceX and Tesla.

MeasureFigure
Musk's total wealth$1.04 trillion
Gain on Monday$65 billion
SpaceX shares since October began13%
Tesla shares6.7%
Wealth in SpaceX and TeslaMore than 98%

Sources and further reading

  1. Elon Musk is a trillionaire again as SpaceX claws back post-IPO slump — Hindustan Times , 2026-10-06
  2. Musk is a trillionaire again as SpaceX claws back post-IPO slump — The Straits Times , 2026-10-06

This article was prepared by the GlobePrism editorial team from the public reporting linked above. How we report

Frequently asked questions

How much did Musk's fortune increase?

It rose $65 billion to $1.04 trillion on Monday, according to the Bloomberg Billionaires Index.

What drove the rebound?

SpaceX shares rose 13% since the start of October, Tesla gained 6.7%, and Tesla reported better-than-expected third-quarter sales last week.

How much of Musk's wealth is tied to SpaceX and Tesla?

More than 98%, according to Bloomberg's wealth index.

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