Elon Musk’s wealth jumped by $66 billion after SpaceX shares rallied 10%, nearing a 20% gain needed to regain trillionaire status.
SpaceX shares surged 10% to $146.15 in a single trading session, adding roughly $66 billion to Elon Musk’s net worth. The rally follows a broader 40% gain in under two weeks, reversing a steep decline that had erased his trillionaire status.
The stock had peaked at $225.64 on June 16 after its IPO at $135, briefly making Musk the world’s first trillionaire. A subsequent drop below $105 wiped out the milestone, but recent gains have pushed the stock back above its IPO price.
Analysts estimate SpaceX needs to reach $170—a 20% rally from current levels—for Musk to reclaim the $1 trillion threshold. Each $1 move in the stock equates to roughly $5 billion in Musk’s net worth.