Elon Musk Reclaims $1 Trillion Fortune as SpaceX and Tesla Shares Add $62.3 Billion
Updated
Updated · Forbes · Jun 29
Elon Musk Reclaims $1 Trillion Fortune as SpaceX and Tesla Shares Add $62.3 Billion
3 articles · Updated · Forbes · Jun 29
Summary
$62.3 billion in one-day gains pushed Elon Musk’s net worth back above $1 trillion on Monday, restoring the status he lost last week.
SpaceX shares rose 7.6% and Tesla climbed 8.6%, lifting the value of Musk’s roughly 4.8 billion SpaceX shares, 350 million options and about 700 million Tesla shares.
Forbes had cut $116 billion from its estimate after excluding restricted Tesla stock tied to Musk’s reworked compensation package, while SpaceX shares also gave back part of their 41% post-IPO surge.
Even after the rebound, Musk remains below his June 16 peak of $1.45 trillion, though still far ahead of Larry Page at $288.7 billion and Sergey Brin at $266.3 billion.