Elon Musk Becomes A Trillionaire—Again—After SpaceX Stock Jumps

Elon Musk’s net worth topped $1 trillion Monday morning as stocks for his companies SpaceX and Tesla climbed after the stock market opened, restoring the controversial tech mogul’s trillionaire status after he first hit that milestone in June.

Forbes estimates Musk’s net worth at $1 trillion on Monday, which is up by $30.6 billion over Friday, the last day the stock market was open.

The surge cements Musk’s status as the richest person in the world, with Amazon leader Jeff Bezos in a distant second place with a net worth of $371.5 billion.

Musk previously became the world’s first trillionaire in June after SpaceX first began trading on the Nasdaq, though he lost that status days later as stock prices for SpaceX and Tesla slumped.

His net worth has neared the trillionaire mark in recent days as SpaceX and Tesla shares have rallied, with Tesla’s third-quarter deliveries beating analyst expectations last week and helping to bump Musk’s net worth by $61 billion on Friday alone.

Tesla’s stock price continued to rise more than 1% Monday morning, while SpaceX’s stock price more dramatically went up by more than 5% Monday morning to a share price of $167 as of 10:30 a.m. EDT, enabling Musk to regain his trillionaire title.

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