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[Elon Musk's Net Worth Returns to $1 Trillion After Three Months, Gains $65 Billion in a Single Day] BlockBeats News, October 6: According to the Bloomberg Billionaires Index, Elon Musk's net worth increased by $65 billion on Monday, rising to $1.04 trillion, making him a trillionaire again after three months. The growth in his wealth primarily stems from the rising value of his holdings in SpaceX and Tesla. Since October, SpaceX's stock price has risen by 13%, while Tesla's has increased by 6.7%. In June of this year, Musk became the world's first trillionaire following SpaceX's record-breaking IPO. However, concerns over the company's high valuation led to a subsequent decline in its stock price, causing Musk to quickly lose his trillionaire status. By late July, Musk's wealth had decreased by over $600 billion from its peak. Recently, market expectations for both companies have improved. SpaceX's stock price has rebounded by 58% from its August low, with Morgan Stanley describing it as one of the lower-valuation ways to participate in potential growth opportunities in the space and smart industries. Tesla also reported higher-than-expected third-quarter sales last week. Musk's holdings in SpaceX and Tesla account for over 98% of his net worth. [Original Link]

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