Elon Musk's Wealth Surges to $1.012 Trillion in October
On October 9, 2026, Elon Musk's fortune increased by $22 billion, bringing his estimated wealth to $1.012 trillion, according to Forbes. This recovery occurred just one day after a $36 billion drop in his net worth pushed him below the trillion-dollar mark.
The surge in Musk's wealth was attributed to a rally in shares of Tesla and SpaceX. Tesla reported a 5% increase in sales of its China-made electric vehicles, with deliveries of Model 3 and Model Y vehicles from its Shanghai factory reaching 95,366 units, up from 90,812 units in the same period last year.
Additionally, Tesla's third-quarter global deliveries totaled 486,532 vehicles, surpassing analysts' expectations. SpaceX also gained investor interest following its announcement of acquiring low-band spectrum licenses to support its Starlink Mobile service.
Musk's wealth fluctuations underscore the impact of stock market movements on personal fortunes, with significant gains or losses occurring without asset sales.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
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