Musk Reclaims Trillionaire Status as SpaceX Shares Surge Past $167

Elon Musk rejoined the trillionaire ranks on Monday, October 5, 2026, after SpaceX shares climbed more than 5% to $167, according to Forbes. Tesla stock rose over 1% in the same session, lifting Musk's net worth by $30.6 billion from Friday's close. The gain places Musk's fortune roughly $628 billion ahead of Amazon founder Jeff Bezos, whose net worth is estimated at $371.5 billion. Morgan Stanley analysts had flagged SpaceX shares as undervalued, and the stock drew additional support from Starship's first successful orbital trip the prior week. The move follows a $61 billion single-day gain on Friday after Tesla's third-quarter deliveries beat analyst forecasts. Musk first reached trillionaire status in June when SpaceX debuted on the Nasdaq at $135 per share, briefly hitting a net worth near $1.1 trillion before losing the distinction within days. Monday's close puts SpaceX roughly 24% above its IPO price. Musk controls about 82.4% of the company's voting power.