The fortune of Elon Musk, founder of SpaceX and Tesla, has once again surpassed $1 trillion, according to the Bloomberg Billionaire Index. The publication reported this on its website.
As of October 6, the estimated value of Musk’s assets reached $1.04 trillion, up 6.7% in one day and 32.4% from a year earlier. His wealth increased by $65.4 billion in a single day, marking the largest daily gain since August.
Forbes also estimated Musk’s fortune at $1 trillion as of October 5, up $65.3 billion from the previous trading day.
The main driver was an increase in the value of Musk’s stakes in companies he owns. SpaceX shares reached $171 on October 6, rising more than 7% in one day and nearly 15% since the beginning of the month. Tesla shares gained more than 5% to $378.
Investor interest in the space company increased after Starship successfully reached orbit for the first time on September 28. During the mission, SpaceX launched 26 Starlink satellites into space.
Musk first became a trillionaire on June 12 after SpaceX went public in what became the largest IPO in history. Its shares rose for several consecutive days amid strong investor demand, with the company’s market capitalization exceeding $2 trillion at its peak.
However, SpaceX shares subsequently fell 30% in a week, partly due to concerns over inflated valuations of artificial intelligence companies. Tesla shares were also affected by a sell-off in the technology sector, which led to a decline in Musk’s estimated fortune.
The English version of this material was generated with the assistance of AI translation tools and may differ slightly from the original text.
