Musk recovers throne with SpaceX Value
Elon Musk regained his title as the world's richest trillionaire with a net worth of $1.013 trillion, supported by the rise in the shares of his companies SpaceX and Tesla. Shares of SpaceX increased by over 10% after strong third-quarter results and confirmation that the two companies are exploring the possibility of a merger, while Tesla's shares rose by more than 3%. The movements in the stocks of these two companies are a major factor in the fluctuations of Musk's wealth, as he owns approximately 38% of SpaceX and 11% of Tesla.
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