SpaceX stock climbs to highest since June, returning Musk to trillionaire status
SpaceX shares have bounced almost 60% off their low in early August, boosted by the company's AI business and Starship progress.
US$1 trillion net worth returned: Elon Musk's wealth surged by US$65 billion to reach US$1.04 trillion, as per Bloomberg Billionaires Index, on Monday (Oct 5). This marks the first time in three months that the tech mogul's fortune has crossed the US$1 trillion mark. Musk, 55, became the world's first trillionaire in June following a record-breaking initial public offering for SpaceX, but his title was lost due to subsequent share slumps caused by concerns over the company's high valuation.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
