Elon Musk returned to the ranks of trillionaires on Oct. 21 as SpaceX and Tesla shares rose, Forbes reported, according to a BlockBeats summary.
Wealth estimate and share moves
Forbes estimated Musk’s wealth rose about $88 billion during the day to $1.013 trillion. SpaceX shares were reported up more than 10% after stronger-than-expected third-quarter results, while Tesla shares gained more than 3%.
BlockBeats also said Musk had confirmed on a SpaceX earnings call that the two companies were considering a merger. The wealth estimate and share moves are time-sensitive figures attributed to Forbes and BlockBeats, not an independent valuation.