empty
 
 
Elon Musk regains trillion‑dollar status as SpaceX and Tesla shares climb
Offer your friend to read
Bookmarks

Elon Musk regains trillion‑dollar status as SpaceX and Tesla shares climb

Elon Musk, the founder of Tesla and SpaceX, has reclaimed his position as the world’s only dollar‑denominated trillionaire. Forbes reports that on October 5, the entrepreneur’s net worth again topped $1 trillion after a sharp rise in the share prices of his companies on US exchanges. Over a single day, Musk’s fortune increased by $30.6 billion as SpaceX stock rose more than 5% and Tesla shares also advanced.
Musk first reached this financial milestone in June, when SpaceX’s listing pushed the company’s valuation to $866 billion and his personal wealth above $1.1 trillion. However, by the end of July, a decline in the aerospace company’s stock cost him the title. The recent uptick in quotes has recovered those losses and restored his lead.
The new surge cements Musk’s position at the top of the global rich list by a record margin. Amazon founder Jeff Bezos, in second place, has a net worth of roughly $371.5 billion—more than $600 billion behind Musk. Analysts attribute investor optimism to successes in space programs, growth in satellite communications, and robust demand for the advanced technologies developed by Musk’s companies.
Published 08 October 2026
© InstaFintech Group
Back

See aslo

Germany and France propose mechanism to shut EU market to China

Germany and France propose mechanism to shut EU market to China

Germany and France have urged EU leaders to set up a mechanism for rapidly closing the European market to Chinese goods. According to Bloomberg, Brussels needs such a tool in case of a large‑scale trade conflict with Beijing.
12:45 2026-10-08 UTC+00
French political turmoil adds to euro weakness

French political turmoil adds to euro weakness

The euro has slid to $1.116, its weakest level since May last year, marking a fourth consecutive weekly decline as investors fret over France’s public finances. A sell-off in French government bonds, a heavy sovereign‑debt burden, and political uncertainty ahead of the 2027 election have been key drivers of the euro’s weakness.
09:10 2026-10-08 UTC+00
Nvidia’s market value hits record $5.7tn as AI boom fuels rally

Nvidia’s market value hits record $5.7tn as AI boom fuels rally

American chipmaker Nvidia set a new all‑time record for market value. In trading on October 2, the stock rose to $235.58 a share, lifting the developer’s market capitalization to $5.7 trillion and cementing its status as the world’s most valuable company, Yahoo Finance reports, citing investor optimism about the firm’s prospects.
14:13 2026-10-07 UTC+00
Scope warns US debt could hit 160% of GDP within decade

Scope warns US debt could hit 160% of GDP within decade

The United States is rapidly losing its financial insulation. European ratings agency Scope Ratings has warned that US government debt could climb to 160% of GDP within the next decade. The agency affirmed the United States’ credit rating at AA‑ with a stable outlook but concluded that current US fiscal policy is entirely unsustainable over the medium term.
14:11 2026-10-07 UTC+00
White House calls for Powell’s ouster after costly Fed renovation

White House calls for Powell’s ouster after costly Fed renovation

The White House has seized on a formal pretext to push former Fed Сhair Jerome Powell out of the Federal Reserve’s board. US President Donald Trump’s top economic adviser, Kevin Hassett, urged Powell to step down in an interview on Fox News.
14:03 2026-10-07 UTC+00
Wall Street braces for election‑season sell‑off

Wall Street braces for election‑season sell‑off

Wall Street is bracing for the customary pre‑election dip as midterm elections scheduled for November 3 inject political jitters into markets, Citi analysts warn. Midterm years are historically the weakest in the four‑year presidential cycle: markets begin pricing in a risk premium roughly 50 trading days before the vote, and pessimism typically peaks on election eve.
13:16 2026-10-07 UTC+00
Can't speak right now?
Ask your question in the chat.