{"id":2551,"date":"2026-10-12T12:03:43","date_gmt":"2026-10-12T07:03:43","guid":{"rendered":"https:\/\/ipp-news.com\/?p=2551"},"modified":"2026-10-12T12:03:43","modified_gmt":"2026-10-12T07:03:43","slug":"musk-regains-trillionaire-status-as-tesla-spacex-shares-rally","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=2551","title":{"rendered":"Musk regains trillionaire status as Tesla, SpaceX shares rally"},"content":{"rendered":"<div>\n<p><strong>Elon Musk\u2019s net worth rose above $1 trillion again on Friday as a rally in Tesla and SpaceX shares added $22 billion to his fortune, a day after he briefly lost his trillionaire status.<\/strong><\/p>\n<p>According to <em>Forbes<\/em>, Musk\u2019s wealth reached an estimated $1.012 trillion at around 10am on Friday, up 2.15% from the previous day, when a decline in the two companies\u2019 shares wiped $36 billion off his fortune.<\/p>\n<p>Tesla shares gained more than 2.5% after data from China\u2019s Passenger Car Association showed that sales of electric vehicles built at its Shanghai factory, including the Model 3 and Model Y, rose 5% year-on-year to 95,366 units in September, compared with 90,812 a year earlier.<\/p>\n<p>SpaceX shares also climbed around 1.5% after the company agreed to acquire a nationwide portfolio of low-band spectrum licences reportedly valued at $8 billion.<\/p>\n<p>The acquisition is expected to support the rollout of its Starlink Mobile cellular service by expanding mobile coverage.<\/p>\n<p>The gains come as Tesla seeks to avoid a third consecutive year of declining annual vehicle deliveries.<\/p>\n<p>The company reported 486,532 vehicle deliveries worldwide in the third quarter, exceeding analysts\u2019 expectations.<\/p>\n<p>Musk\u2019s wealth has fluctuated around the trillion-dollar threshold in recent months, reflecting his substantial stakes in both companies.<\/p>\n<p>He owns around 11% of Tesla and 38% of SpaceX, leaving his fortune sensitive to movements in their share prices.<\/p>\n<p><em>Forbes<\/em> said Musk remained the world\u2019s richest person despite the recent swings in his wealth.<\/p>\n<p>Amazon founder Jeff Bezos ranked second, with an estimated net worth of $378.2 billion.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk\u2019s net worth rose above $1 trillion again on Friday as a rally in Tesla and SpaceX shares added $22 billion to his fortune, a day after he briefly lost his trillionaire status. According to Forbes, Musk\u2019s wealth reached an estimated $1.012 trillion at around 10am on Friday, up 2.15% from the previous day, when a decline in the two companies\u2019 shares wiped $36 billion off his fortune. Tesla shares gained more than 2.5% after data from China\u2019s Passenger Car Association showed that sales of electric vehicles built at&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-2551","post","type-post","status-publish","format-standard","hentry","category-english"],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/2551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2551"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/2551\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}