Forbes: Elon Musk Became a Trillionaire Again After SpaceX and Tesla Shares Rose

• Elon Musk’s net worth rose by $30.6 billion in a single trading day and once again topped $1 trillion, Forbes reported.
• This came amid a rise in SpaceX and Tesla shares.
• Musk is ahead of Amazon founder Jeff Bezos by nearly $630 billion.

Elon Musk’s net worth has once again surpassed $1 trillion amid a rally in shares of his companies SpaceX and Tesla. Forbes reported this.

According to the outlet’s estimates, on Monday, October 5, Musk’s net worth stood at around $1 trillion — $30.6 billion more than on Friday. This allowed him to once again secure the top spot in the ranking of the world’s richest people.

In second place is Amazon founder Jeff Bezos, with a net worth of about $371.5 billion. Musk is ahead of Bezos by nearly $630 billion.

SpaceX Became the Main Growth Driver

Forbes noted that the businessman’s wealth increase came amid a rise in the share prices of SpaceX and Tesla.

SpaceX’s share price climbed after Morgan Stanley analysts said the company’s stock could be undervalued. Another factor was the successful launch of the Starship spacecraft into orbit last week, the report said.

Tesla’s positive momentum also supported Musk’s net worth. Last week, the company’s third-quarter vehicle deliveries exceeded analysts’ expectations, which boosted the entrepreneur’s wealth by about $61 billion in just one trading session, journalists noted.

Musk first achieved trillionaire status in June after SpaceX shares began trading on Nasdaq. 

As a reminder, earlier Elon Musk said that most crypto assets are just a scam.

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