📷 Image: Wikimedia Commons / U.S. Air Force / Trevor Cokley
Business
Elon Musk Back in Trillionaire Club as SpaceX, Tesla Stocks Surge
✍️ NDTV Top
🗓 06 Oct 2026, 08:40 AM
👁 14
Elon Musk's net worth has crossed the $1 trillion mark again following a $65 billion jump in the value of his SpaceX and Tesla holdings.
Elon Musk has re-entered the exclusive club of trillionaires as his personal fortune surged on Monday. According to the Bloomberg Billionaires Index, the tech mogul's net worth increased by $65 billion to reach a total of $1.04 trillion.
The significant rise in his wealth is directly attributed to the upward movement in the market value of his stakes in SpaceX and Tesla Inc. As the share prices of these two major companies climbed, the value of Musk's equity holdings increased substantially.
This development marks a notable milestone for the entrepreneur, who has seen his wealth fluctuate in recent months. The surge underscores the continued market confidence in both the electric vehicle sector and the space exploration industry, where Musk holds dominant positions.
The Bloomberg Billionaires Index tracks the real-time wealth of the world's richest individuals, providing a snapshot of how market movements impact top-tier fortunes. Musk's return to the trillionaire status highlights the massive scale of his business empire.
The significant rise in his wealth is directly attributed to the upward movement in the market value of his stakes in SpaceX and Tesla Inc. As the share prices of these two major companies climbed, the value of Musk's equity holdings increased substantially.
This development marks a notable milestone for the entrepreneur, who has seen his wealth fluctuate in recent months. The surge underscores the continued market confidence in both the electric vehicle sector and the space exploration industry, where Musk holds dominant positions.
The Bloomberg Billionaires Index tracks the real-time wealth of the world's richest individuals, providing a snapshot of how market movements impact top-tier fortunes. Musk's return to the trillionaire status highlights the massive scale of his business empire.