Add as a preferred source on GoogleBillionaire Elon Musk’s Estimated Fortune Returns to $1 Trillion After $88 Billion Gain
SpaceX shares rose more than 10% after third-quarter results beat expectations, while Tesla gained more than 3% ahead of its earnings release.
Elon Musk’s estimated net worth rose to $1.013 trillion on Wednesday, Oct. 21, after SpaceX and Tesla shares climbed, putting him back above the threshold after a drop below it last week.
His fortune increased by about $88 billion that day. SpaceX shares gained more than 10% after third-quarter results exceeded expectations, while Tesla shares rose more than 3%. Tesla was expected to report after market close Wednesday.
Musk confirmed during a SpaceX earnings call Tuesday that the companies were considering a merger. He first crossed the $1 trillion mark on June 12, when SpaceX went public. His estimated fortune has moved above and below that level several times since, including a drop below the threshold last week as SpaceX shares declined.
Sonny Jang
ReporterSonny Jang reports on people and leadership in digital assets for TokenPost. Send corrections or tips to info@tokenpost.com.