SpaceX stock climbs to highest since June, returning Musk to trillionaire status
Morgan Stanley called the shares cheap and kept a $300 price target, with analysts citing Starship progress, AI contracts and upcoming earnings.
- On Monday, SpaceX shares climbed nearly 8% to their highest level since mid-June, restoring Elon Musk's net worth to $1.03 trillion, according to Forbes. Musk was notably absent from a New York City Council hearing on AI regulation.
- A Sunday note from Morgan Stanley analysts recommended buying SpaceX stock, calling it "cheap" and setting a $300 price target—a 75% increase from Monday's $171.09 close. They cited upcoming Starship tests and AI product releases as key catalysts.
- Historic flights last week included a crewed NASA mission to the International Space Station and a launch of Google AI chips into orbit. SpaceX expanded its AI operations through recent acquisitions including Cursor.
- The Pentagon appointed Musk as co-lead of Project Meridian last Wednesday, recognizing SpaceX's strategic role in defense. The company has earned over $12.7 billion from Defense Department contracts to date.
- Analysts suggest the next Starship test flight could be "the biggest positive catalyst since the IPO," with investors watching for late-October earnings reports. This momentum positions SpaceX as a key growth driver in the emerging space economy.
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129 Articles
Elon Musk Net Worth: How SpaceX and Tesla helped Musk become a trillionaire again after market rally
Elon Musk has returned to trillionaire status after a sharp rise in SpaceX shares, with Tesla also contributing to the rebound. His fortune climbed to about $1.04 trillion, highlighting how closely his wealth remains tied to market movements.
SpaceX shares rose nearly eight percent on Monday, sending Elon Musk's fortune back above $1 trillion
Elon Musk owns around 925 billion euros. The current Bloomberg list shows who won 2026 billion and who is one of the biggest losers.
SpaceX shares have reached their highest level since mid-June, when the company made a record-breaking IPO, CNBC reported. Thanks to the gains, owner Elon Musk's net worth has once again surpassed the trillion-dollar mark. Experts predict the company's shares could soon rise again.
Elon Musk is a trillionaire again—and he'd still be the richest person on the planet even if he gave everyone $90
Musk could buy everyone on the planet a pair of Apple AirPods, a three-course dinner, or a nice pair of Levi’s jeans, and he’d still be the world’s richest with $298 billion.
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