Musk Is A Trillionaire Again: SpaceX And Tesla Boost Net Worth By $50 Billion

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Elon Musk on Monday regained his trillionaire status as rallying SpaceX and Tesla shares added more than $50 billion to his net worth, after he fell below the trillion-dollar threshold last week following a sharp decline in SpaceX’s stock and new restrictions on his Tesla equity.

Shares of SpaceX jumped 6% and Tesla’s surged by 8% as of Monday afternoon, raising Musk’s net worth by $53.9 billion—to above $1 trillion.