Story perspectives

Musk regains $1.04 trillion fortune as SpaceX, Tesla surge

By Drooid · Oct 6, 2026, 2:56 PM UTC · How we work

Summary

Elon Musk Regains Trillionaire

Elon Musk regained trillionaire status as SpaceX and Tesla shares surged.
SpaceX stock closed at $171.09 on Oct 5, up 7.63% from the previous day.
Bloomberg reported Musk’s fortune rose $65 billion to $1.04 trillion on Monday.
Morgan Stanley analysts called SpaceX shares undervalued and set a $300 target price on Oct 4.
SpaceX’s successful Starship orbital launch last week helped lift the stock price.

Summary

Pentagon Appoints Musk

The Pentagon appointed Elon Musk as co-lead of Project Meridian, a future weapons and technology initiative.
U.S. President Donald Trump signed an executive order on Sep 29 directing agencies to replace “artificial intelligence” with “super intelligence” (SI).
Musk announced plans to rename SpaceXAI to SpaceXSI to follow the terminology mandated by the order.
Despite the announced change, SpaceXAI’s X account had not been renamed as of the report.

Summary

SpaceX Launches Starship

SpaceX launched Starship’s 13th flight in July 2026, deploying 20 next-generation Starlink satellites.
Super Heavy’s 18 million-pound thrust makes Starship the most powerful rocket ever launched.
The Starship vehicle landed safely in the Indian Ocean while its Super Heavy booster entered the Gulf of Mexico.
As of September 2026, SpaceX continues refining Starship through repeated flight tests toward full reusability.

History

Historical Context

On 28 September 2008 SpaceX’s Falcon 1, built for about $90 million, became the first privately funded liquid-fuel rocket to reach orbit, saving the firm from bankruptcy. The flight secured NASA’s Commercial Resupply Services contract that year, showing private launch services could rival government programs. That milestone underlies today’s Starlink constellation, Starship development and expanding defense collaborations.

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Elon Musk Regains Trillionaire

Elon Musk regained trillionaire status as SpaceX and Tesla shares surged.
SpaceX stock closed at $171.09 on Oct 5, up 7.63% from the previous day.
Bloomberg reported Musk’s fortune rose $65 billion to $1.04 trillion on Monday.
Morgan Stanley analysts called SpaceX shares undervalued and set a $300 target price on Oct 4.
SpaceX’s successful Starship orbital launch last week helped lift the stock price.

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