Musk Reaches $1.04 Trillion as SpaceX Shares Surge

According to the Bloomberg Billionaires Index, Elon Musk's net worth increased by $65 billion on Monday to reach a total of $1.04 trillion. This rise was driven primarily by significant gains in his stakes in both Tesla Inc and SpaceX, with shares climbing 13% since October began while Tesla advanced 6.7%. As the world's wealthiest individual, Musk now holds approximately 4.76 billion SpaceX shares alongside another 1.3 billion unvested restricted shares. Analysts from Morgan Stanley have characterized current stock prices as undervalued due to upcoming artificial intelligence product launches and Starship development progress. Even if Musk distributed $90 per person globally among the estimated 8.3 billion inhabitants, he would retain a net worth of roughly $298 billion, which remains significantly higher than that of runner-up Larry Page.