Elon Musk is a trillionaire again-and he'd still be the richest person even if he gave everyone $90

Key Points:

• SpaceX shares rose nearly 8% on Monday, with Morgan Stanley analysts calling the stock "cheap" due to potential AI product releases, Starship progress, and new neocloud contracts, boosting Elon Musk's net worth to $1.04 trillion.
• Musk, owning around 4.76 billion SpaceX shares, remains the world's only trillionaire and could theoretically give every person on Earth $89.40 and still be wealthier than the second-richest person, Larry Page.
• Musk's wealth has fluctuated significantly in 2024, dropping as low as $683.6 billion in August before rebounding, with major holdings in Tesla, the Boring Company, and Neuralink contributing to his fortune.
• Other tech billionaires like Larry Ellison, Michael Dell, Larry Page, and Jeff Bezos have also experienced substantial wealth gains and losses tied to stock market performance and company earnings.
• While $89.40 is a small amount for billionaires, it would sustain individuals living in extreme poverty for a month, highlighting the stark contrast between global wealth inequality and economic hardship.