# Billionaire Elon Musk’s Estimated Fortune Returns to $1 Trillion After $88 Billion Gain By Sonny Jang Canonical URL: https://www.tokenpost.com/news/people/37390 Published: 2026-10-22T03:22:56.000Z Updated: 2026-10-22T03:22:56.000Z Section: People > 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. ## Links in this article - [drop below the threshold last week](https://www.tokenpost.com/news/investing/33283)