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.
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