Elon Musk's Net Worth Tops $800 Billion Again As SpaceX Shares Spike 11%

SpaceX shares jumped 11.7% to a three-week high near $129, lifting Elon Musk’s net worth back above $800 billion to about $802 billion. The move reflects renewed investor appetite for high-growth tech after a weak July jobs report boosted the broader tech rally, with peers like Palantir and Microchip also surging. SpaceX had recently fallen sharply after reporting a sixfold increase in quarterly spending, but its latest earnings still showed strong underlying growth: $7.8 billion in revenue versus $6.9 billion expected and a smaller net loss of $541 million versus $1 billion previously. The article underscores how closely Musk’s wealth is tied to SpaceX’s share performance and how sentiment around the stock can swing his net worth by hundreds of billions.