Grab EXTRA 10% OFF all Tangem products. Till Oct 25SpaceX and Tesla rally lifts Musk’s net worth above $1 trillion
4.1 Markets SpaceX and Tesla shares surged, pushing Elon Musk’s net worth above $1 trillion after a successful Starship launch and strong Tesla deliveries.
SpaceX shares jumped over 3% in early trading, reaching around $164 and standing 22% above their IPO price, though still below their post-IPO peak. The surge followed the successful Starship Flight 14, which deployed 26 Starlink V3 satellites—a significant milestone despite the mission being shorter than planned. This achievement reversed the downward trend after July’s launch abort and IPO selloff. The positive momentum in both SpaceX and Tesla shares has pushed Elon Musk’s net worth back above $1 trillion. According to Forbes and Bloomberg, his wealth increased by $30.6 billion and $65 billion, respectively, since Friday. Morgan Stanley analysts highlighted SpaceX’s growth potential in the space and AI sectors, while Tesla’s Q3 deliveries exceeded expectations. Market optimism is further fueled by upcoming Starship launches and continued strong performance from both companies. Analysts note that successful missions and robust deliveries boost sentiment and momentum in capital markets.
