Elon Musk's net worth surpassed $1 trillion again following an 8% rise in SpaceX shares on Monday, making him the richest person globally by a wide margin, according to fortune.com. Musk owns approximately 4.76 billion SpaceX shares, including 1.3 billion unvested restricted shares, which propelled his net worth from $976.9 billion to $1.04 trillion.
The surge in SpaceX stock was driven by Morgan Stanley analysts labeling the shares as undervalued, citing the company's upcoming AI product releases, progress on the Starship launch vehicle, and new neocloud contracts. Musk's substantial stake in SpaceX means that the stock's performance directly influences his wealth, which has fluctuated with market conditions over time.
Musk's position as the world's only trillionaire underscores the scale of his wealth relative to other billionaires. Even if he distributed $89.40 to each of the roughly 8.3 billion people on Earth, he would retain a net worth of $298 billion, surpassing Google cofounder Larry Page, the second richest individual. This highlights the vast financial gap between Musk and other tech magnates.
The rise in Musk's net worth reflects broader investor confidence in SpaceX's future ventures, including AI and space exploration. His wealth milestone was confirmed on October 6, 2026, as SpaceX shares closed higher, reinforcing his status at the top of the global billionaire rankings.