Elon Musk Reclaims Trillionaire Status as SpaceX and Tesla Shares Drive $60 Billion Net Worth Increase
Elon Musk once again achieved trillionaire status on Monday, as a surge in SpaceX and Tesla stock prices contributed over $60 billion to his personal fortune. This recovery follows his dip below the trillion-dollar mark last week, which was prompted by a significant drop in SpaceX’s stock value and new limitations placed on his Tesla equity.
By Monday afternoon, SpaceX shares had climbed 7.6%, while Tesla’s stock saw an 8.6% increase. These gains boosted Musk’s net worth by $62.3 billion, pushing it beyond the $1 trillion mark. Musk possesses 4.8 billion shares in SpaceX, along with an additional 350 million stock options, each with an exercise price of $8.40. Earlier this month, he revealed ownership of approximately 700 million Tesla shares. He maintains his position as the world‘s wealthiest individual by a considerable margin, surpassing Google co-founders Larry Page, whose fortune stands at $288.7 billion, and Sergey Brin, with $266.3 billion. However, Musk’s current wealth is still significantly lower than its peak of $1.45 trillion recorded on June 16.
Last week, Forbes deducted $116 billion in restricted Tesla stock from its calculations of Musk’s net worth. This amount represented roughly an 8% stake in the company. The adjustment occurred after he relinquished $7.1 billion in shares to cover the exercise price for all stock options granted under his 2018 CEO performance award. These specific options were initially invalidated by a Delaware judge in 2024 but later reinstated by the Delaware Supreme Court in 2025. Following that subsequent ruling, Tesla substituted the original stock award with a new one, contingent on his continued tenure in a senior leadership capacity until January 2028. Furthermore, his overall net worth decreased when SpaceX shares lost their 41% post-IPO increase.
Musk, who has held the title of the world’s wealthiest individual since May 2024, first achieved trillionaire status following SpaceX’s unprecedented initial public offering earlier this month, which elevated his net worth to $1.1 trillion. This marked his most recent financial achievement. Previously, in December 2024, he was the first person to amass a fortune of $400 billion, subsequently reaching the $500 billion, $600 billion, $700 billion, $800 billion, and $900 billion milestones by early 2026.
In November, Tesla shareholders endorsed a compensation plan for Musk that, if the company meets various objectives over the coming decade, could independently approach a valuation of $1 trillion.
