The net worth of Elon Musk, the richest man in the world, once again surpassed the trillion dollar mark after a lapse of three months. According to the Bloomberg Billionaires Index, Musk's wealth increased by $65 billion to $1.04 trillion on Monday, thanks to a recovery in the value of his SpaceX and Tesla holdings. Since October, SpaceX shares have risen 13%, and Tesla has risen 6.7%. SpaceX's stock price soared after its June IPO, making Musk the world's first trillion-dollar millionaire, but he quickly lost this title as investors worried that the company was overvalued and the stock price fell later. As of late July, Musk's wealth had shrunk by more than 600 billion US dollars from its peak, surpassing the total net worth of anyone but himself on the Bloomberg Global 500 Richest People List. The latest round of wealth growth stemmed from the market's renewed optimism about SpaceX and Tesla. Morgan Stanley analysts said on Monday that SpaceX is one of the investment targets to seize the huge growth potential in space and artificial intelligence at a lower cost. The company's stock price, which spans space, artificial intelligence, and social media businesses, has rebounded 58% from an August low.
Zhitongcaijing · 1d ago
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The net worth of Elon Musk, the richest man in the world, once again surpassed the trillion dollar mark after a lapse of three months. According to the Bloomberg Billionaires Index, Musk's wealth increased by $65 billion to $1.04 trillion on Monday, thanks to a recovery in the value of his SpaceX and Tesla holdings. Since October, SpaceX shares have risen 13%, and Tesla has risen 6.7%. SpaceX's stock price soared after its June IPO, making Musk the world's first trillion-dollar millionaire, but he quickly lost this title as investors worried that the company was overvalued and the stock price fell later. As of late July, Musk's wealth had shrunk by more than 600 billion US dollars from its peak, surpassing the total net worth of anyone but himself on the Bloomberg Global 500 Richest People List. The latest round of wealth growth stemmed from the market's renewed optimism about SpaceX and Tesla. Morgan Stanley analysts said on Monday that SpaceX is one of the investment targets to seize the huge growth potential in space and artificial intelligence at a lower cost. The company's stock price, which spans space, artificial intelligence, and social media businesses, has rebounded 58% from an August low.
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