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FinanceMusk Regains Trillionaire Status as SpaceX, Tesla Rally Add $50B+
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Elon Musk became a trillionaire again on Monday, June 29, 2026, after a sharp rally in SpaceX and Tesla shares added more than $50 billion to his net worth. SpaceX shares rose 6% and Tesla surged 8%, boosting his fortune by $53.9 billion to above $1 trillion. Musk had briefly fallen below the trillion-dollar threshold the previous week due to a steep decline in SpaceX's stock and new restrictions on his Tesla equity. The rocket maker's trading debut and Tesla's market performance were key drivers. The story is developing.
Source report
Topline
Elon Musk on Monday regained his trillionaire status as rallying SpaceX and Tesla shares added more than $50 billion to his net worth. He had fallen below the trillion-dollar threshold last week following a sharp decline in SpaceX’s stock and new restrictions on his Tesla equity.
Key Facts
- Shares of SpaceX jumped 6% and Tesla’s surged by 8% as of Monday afternoon.
- The rally raised Musk’s net worth by $53.9 billion—to above $1 trillion.
This is a developing story.
Source
Forbes - BusinessWestern
Part of this Story
Elon Musk Becomes World's First Trillionaire After SpaceX IPO