Elon Musk and Intel CEO shore up chipmaker’s role in Terafab project — and here’s what the news is doing to the stock.

Elon Musk has reclaimed his position as the world's richest person, with his net worth now at $1.04 trillion, following a significant rise in SpaceX stock. Even if Musk were to distribute $89.40 to each of the world's 8.3 billion inhabitants, he would still retain a net worth of $298 billion, which is $1 billion more than the second wealthiest individual, Larry Page.

This situation is not new for Musk, as he was the first trillionaire just two weeks ago when SpaceX went public. Musk's wealth is heavily tied to SpaceX, Tesla, The Boring Company, and Neuralink, with the latter two contributing smaller but still notable shares. Other billionaires, like Larry Ellison and Michael Dell, have also experienced substantial fluctuations in their wealth, driven by stock market performance.