Elon Musk is a trillionaire again
Elon Musk has regained his status as the world's only trillionaire following a rebound in SpaceX's stock price. His net worth is heavily tied to the performance of his companies, SpaceX and Tesla.
Why it matters
Musk's wealth fluctuations highlight the massive market influence of private space and electric vehicle sectors on the global economy.
Elon Musk is once again a trillionaire, a title he first held briefly in June after the SpaceX IPO. Finn Gomez/Getty Images Elon Musk has regained his trillionaire status thanks to a boost in SpaceX's stock price. Musk became the world's first trillionaire after the SpaceX IPO, but the stock price later fell. The stock price has rebounded, along with Musk's net worth. Elon Musk has regained his title as the world's only trillionaire. The Tesla CEO made history earlier this year by becoming the first person worth 13 figures after SpaceX's blockbuster initial public offering in June. Musk's wealth came back down a little closer to Earth after SpaceX's stock price fell following an initial surge.
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