Elon Musk crossed the $1 trillion wealth threshold for the third time in four months on Monday, October 5, driven by SpaceX shares rising more than 5% to $167. According to Forbes’ real-time tracking, his fortune increased by $30.6 billion since Friday, following a $61 billion gain in a single session. Morgan Stanley issued a note calling SpaceX shares undervalued after the successful Starship orbital flight last week, fueling investor optimism. Musk’s wealth has fluctuated by more than $700 billion between its June peak and July trough, illustrating the volatility of this fortune largely tied to SpaceX’s stock price.
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