Musk Regains Trillionaire Status as SpaceX, Tesla Rally Adds $60bn to Fortune
Elon Musk regained his trillionaire status yesterday after strong gains in SpaceX and Tesla shares added more than $60 billion
Elon Musk regained his trillionaire status yesterday after strong gains in SpaceX and Tesla shares added more than $60 billion to his personal fortune, reversing last week’s decline that briefly pushed his net worth below the $1 trillion mark.
Shares of SpaceX rose by 7.6 percent, while Tesla gained 8.6 percent by Monday afternoon, increasing Musk’s net worth by about $62.3 billion to more than $1 trillion, according to estimates by Bloomberg and Forbes.
He owns approximately 4.8 billion SpaceX shares and holds another 350 million stock options with an exercise price of $8.40 per share. He also disclosed earlier this month that he owns about 700 million Tesla shares.
Despite the recent volatility, Musk remains the world’s richest person by a wide margin, ahead of Google co-founders Larry Page, with an estimated net worth of $288.7 billion, and Sergey Brin, worth about $266.3 billion. However, his fortune remains below the record $1.45 trillion he reached on June 16.
Musk, who has held the title of the world’s richest person since May 2024, became the first person to surpass the $1 trillion wealth mark after SpaceX’s record-setting initial public offering earlier this month lifted his net worth to about $1.1 trillion.
The latest milestone follows a series of unprecedented wealth records. In December 2024, Musk became the first individual to accumulate a $400 billion fortune before crossing the $500 billion, $600 billion, $700 billion, $800 billion and $900 billion thresholds during early 2026.
His wealth briefly fell below $1 trillion last week after Forbes excluded about $116 billion worth of restricted Tesla stock—representing roughly an 8 percent stake—from its net worth calculations. The adjustment came after Musk surrendered $7.1 billion worth of Tesla shares to cover the exercise cost of stock options awarded under his 2018 CEO compensation package.
Those options were initially voided by a Delaware court in 2024 before being reinstated by the Delaware Supreme Court in 2025. Following the ruling, Tesla replaced the award with a new compensation package that vests only if Musk remains in a senior leadership position through January 2028.
His fortune also came under pressure as SpaceX shares gave up much of their 41 percent post-IPO rally before rebounding on Monday.
