Tesla and SpaceX CEO Elon Musk (right) with President Trump at the White House on Sept. 29, 2026.Credit: Tierney L. Cross / The Washington Post / Bloomberg via Getty Images
Key Takeaways
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Elon Musk’s net worth is back above $1 trillion after Tesla and SpaceX’s recent stock gains.
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Musk’s stakes in Tesla and SpaceX make up much of his net worth.
Elon Musk is the lone member of the trillionaires club once again.
Musk’s net worth rose above $1 trillion yesterday thanks to gains from Tesla (TSLA) and SpaceX (SPCX). Tesla shares added 2% yesterday after third-quarter deliveries topped estimates Friday, while SpaceX shares jumped 8% in the wake of bullish comments from analysts.
Musk briefly gained the title of world’s first trillionaire following SpaceX’s massive initial public offering over the summer, but the stock later pulled back. Musk’s stakes in Tesla and SpaceX make up much of his net worth.
Recently, Musk looks to have made up with President Trump after their highly public break last year. Musk attended an AI-focused event at the White House with other tech executives last week, and has backed Trump’s idea to start referring to AI as “SI,” or “super intelligence.” Musk has even suggested he might change the name of SpaceXAI, the maker of the Grok chatbot, to SpaceXSI.
Shares of Tesla were up less than 1% in recent trading, while SpaceX shares rose 2%. Tesla shares are still down about 15% for the year, while SpaceX’s rally has lifted the stock nearly 30% above its IPO price of $135.
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