SpaceX shares return Musk to trillionaire status
SpaceX shares closed 7.6% higher and reached their highest level since mid-June after Morgan Stanley described the stock as cheap, CNBC reported. The company’s shares had recovered almost 60% from an early-August low, helped by its artificial-intelligence business and Starship progress. The rise returned Elon Musk’s fortune above one trillion dollars.
Why it matters
The rebound underscores how private-space and AI valuations are increasingly concentrated in Musk’s personal fortune.
Sources
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Part of the October 6, 2026 brief.