Elon Musk Reclaims Trillionaire Status as SpaceX, Tesla Rally

Elon Musk has once again become a trillionaire after strong gains in SpaceX and Tesla shares added more than $60 billion to his personal fortune on Monday. The rebound follows a brief period below the $1 trillion mark after a decline in SpaceX’s stock price and changes affecting the valuation of his Tesla equity reduced his estimated wealth last week.

As of Monday afternoon, SpaceX shares had climbed 7.6% while Tesla stock gained 8.6%, increasing Musk’s net worth by an estimated $62.3 billion and pushing it back above the trillion-dollar threshold. Musk currently owns 4.8 billion SpaceX shares and holds an additional 350 million stock options with an exercise price of $8.40 per share. Earlier this month, he also disclosed ownership of approximately 700 million Tesla shares.

Despite the recent recovery, Musk’s estimated fortune remains below its June 16 peak of $1.45 trillion. Even so, he continues to hold a substantial lead as the world’s richest person, ahead of Google co-founders Larry Page, whose net worth is estimated at $288.7 billion, and Sergey Brin, whose fortune stands at $266.3 billion.

Musk’s wealth fell below the trillion-dollar milestone last week after $116 billion in restricted Tesla stock, representing roughly an 8% stake in the company, was removed from calculations of his net worth. The adjustment came after Musk surrendered $7.1 billion worth of Tesla shares to cover the exercise cost of stock options awarded under his 2018 CEO performance package. Those options were invalidated by a Delaware judge in 2024 before being reinstated by the Delaware Supreme Court in 2025. Following that ruling, Tesla replaced the original award with a new compensation package that only vests if Musk remains in a senior leadership position through January 2028. His net worth also declined as SpaceX shares gave up the 41% rally they had recorded following the company’s record-setting initial public offering.

Musk has held the title of the world’s richest person since May 2024. Earlier this month, he became the first individual to surpass a net worth of $1 trillion after SpaceX’s IPO lifted his fortune to $1.1 trillion. That achievement followed a series of historic milestones, including becoming the first person to reach $400 billion in December 2024 and later surpassing the $500 billion, $600 billion, $700 billion, $800 billion, and $900 billion marks during early 2026.

In November, Tesla shareholders approved a new compensation package for Musk that could eventually be worth nearly $1 trillion if the company meets a series of long-term performance targets over the next decade.