SpaceX Stock Surges 8% to June Highs, Restoring Musk's Trillionaire Status

Key Facts

1SpaceX shares rose nearly 8% on Monday, reaching their highest level since June.

2The stock surge returned CEO Elon Musk to trillionaire status.

3The company recently launched a crewed NASA mission and sent Google's AI chips into orbit.

SpaceX shares rose nearly 8% on Monday, reaching their highest level since June. CNBC reported that the stock surge returned CEO Elon Musk to trillionaire status, following the company's recent success in launching a crewed NASA mission and deploying Google's AI chips into orbit.

In terms of market performance, GOOGL was trading at $345.44 on October 5, 2026, while SPCX closed at $158.96 on October 2, 2026. These gains coincide with broader technology sector activity, where MSFT was trading at $525.47 and META was trading at $743.75 on October 5, 2026.