Elon Musk’s fortune has climbed back above $800 billion, driven by a sharp rally in SpaceX shares amid a broader tech stock surge. The rebound comes weeks after his wealth briefly dipped below $700 billion, underscoring just how tightly his net worth is now linked to SpaceX’s stock performance following the company’s landmark public listing earlier this year.SpaceX, which owns roughly 38–43% by Musk, was valued at $1.75 trillion at its IPO price; one of the largest public offerings in history. The bulk of that value continues to be driven by Starlink’s expanding revenue, alongside the company’s ambitious AI infrastructure spending, as Musk projects SpaceX’s revenue could eventually cross $1 trillion within the next few years.The swings in his fortune; from record highs to steep declines and back; highlight the volatility that now comes with having the bulk of one’s wealth tied to a single publicly traded stock, even for the world’s richest man.
