Elon Musk's net worth exceeds one trillion dollars again

Elon Musk's net worth has risen above $1 trillion again, according to financial tracking indices. His wealth reached about $1.04 trillion on Monday. The increase came mainly from rising stock prices at SpaceX and Tesla. SpaceX shares climbed nearly 8% on Monday, their highest point since June. Musk first became a trillionaire in June, but his wealth later dropped to $683.6 billion in early August. Analysts at Morgan Stanley said SpaceX stock is currently undervalued, meaning its price is lower than its real worth. They pointed to growth opportunities in AI products, Starship rockets, and cloud computing. Musk owns roughly 4.76 billion SpaceX shares, so his personal wealth moves closely with the company's stock price.