SpaceX shares rise, boosting Elon Musk's wealth to trillionaire status

Oct 5, 2026

AI Summary

SpaceX's stock increased nearly 8%, reaching its highest value since June, following positive analyst recommendations. The rise in stock price has restored Elon Musk's status as a trillionaire, driven by the company's recent successful missions and anticipated future developments in AI and space technology.

SpaceX shares rose almost 8% on Monday, reaching their highest level since mid-June, following a record initial public offering. This increase has made Elon Musk a trillionaire again, with his net worth estimated at $1.03 trillion.
Analysts from Morgan Stanley described SpaceX as undervalued and set a price target of $300, suggesting a potential 75% increase from Monday's closing price of $171.09.
Recent successful missions included a crewed flight for NASA to the International Space Station and the launch of Google AI chips into orbit.
The analysts encouraged investors to buy shares ahead of SpaceX's next Starship test flight and its third-quarter earnings report expected in late October.
Starship is designed to be fully reusable and is expected to enhance SpaceX's business by facilitating satellite launches and transporting cargo and crews.
SpaceX's AI division, recently renamed SpaceXSI, is expanding its revenue through partnerships with companies like Google and Anthropic.
Musk was appointed co-lead of Project Meridian by the Pentagon, focusing on future military technologies, and SpaceX has earned over $12.7 billion from U.S. government contracts.
Musk did not attend a New York City Council hearing on AI regulation, where concerns about the economic impact of AI were discussed.

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SpaceX shares rise, boosting Elon Musk's wealth to trillionaire status

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