Technology
Musk net worth hits $1.04 trillion after SpaceX rally
Livemint··5d ago
Forbes data cited by Fortune put Elon Musk's net worth at about $1.04 trillion on Monday after SpaceX shares jumped nearly 8 percent. Fortune said the one-day gain was roughly $65 billion. Musk had slipped below $1 trillion earlier in 2026. Tesla shares also rose after third-quarter deliveries beat expectations, lifting paper wealth from his stakes.
Prism
What It Means For You
- Musk's fortune moves with public market prices, not cash payouts, so daily swings can be large.
- SpaceX investors saw sharp swings after the company's public listing earlier in 2026.
- Tesla delivery beats can lift Musk's holdings even when SpaceX is the larger contributor.
What's Happening
- Fortune reported Morgan Stanley analysts called SpaceX relatively inexpensive at recent prices.
- Musk's net worth fell from about $1.32 trillion to $957 billion between June 16 and June 24.
- CNBC noted SpaceX shares remain vulnerable to sharp post-debut trading moves.
How paper wealth shifted
- Forbes continued to rank Musk as the world's richest person after Monday's estimate.
- Fortune said a low near $683.6 billion came in early August before the latest recovery.
- Most of Musk's fortune remains linked to stakes in companies he owns or controls.
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