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Elon Musk's net worth tops $1 trillion after SpaceX shares jump 15% in two days.

Market News
06 Oct 2026
24/7 Wall Street
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Bullish
Elon Musk's net worth tops $1 trillion after SpaceX shares jump 15% in two days.

Elon Musk's net worth surpassed $1 trillion following a 15% rise in SpaceX shares over two trading sessions, driven by an analyst's bullish note and institutional underweight positioning. Despite the rally, SpaceX shares remain 24% below their June peak, with ongoing insider share lockups and significant company losses. The stock's future movement depends on institutional buying and upcoming share releases, making Musk's fortune volatile. Investors should watch if shares close below $159, signaling a reversal, or break above the June high for sustained gains.

SpaceX shares are trading at USD 171.85 on Pluang, showing a modest 0.44% increase as of Oct 06, 2026 20:01 WIB. The stock remains below its 52-week high of USD 202.09, with a market cap of $2.32 trillion and a typical hold time of 40 days among investors on the platform.

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SpaceX shares jump 8%, nearing $225 with strong options activity and Morgan Stanley $300 target.

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