SpaceX Jumps 8% to $171.09, Returning Musk to $1.04 Trillion
Updated
Updated · Yahoo Finance · Oct 6
SpaceX Jumps 8% to $171.09, Returning Musk to $1.04 Trillion
3 articles · Updated · Yahoo Finance · Oct 6
Summary
$171.09 SpaceX shares—up nearly 8% Monday—pushed Elon Musk’s net worth back to about $1.04 trillion, according to Forbes’ real-time list.
Investors tied the rally to SpaceX’s first orbital Starship flight, expanding AI ambitions and ARK’s estimate that Flight 14’s Starlink deployment could support nearly $560 million in annualized revenue.
A 32.4-mile Florida natural-gas pipeline proposal for Cape Canaveral added to the momentum, lifting shares nearly 1% in after-hours trading as SpaceX seeks fuel supply for Starship launches.
Sequoia’s Shaun Maguire said investors are only beginning to grasp SpaceX, while Morgan Stanley’s Adam Jonas argued the company’s telecom, defense and AI businesses should be valued together rather than separately.
Wells Fargo said SpaceX is already shifting engineers toward orbital data-center work, with an AI-satellite demonstration launch targeted for the second quarter of 2027 and broader deployment dependent on faster Starship cadence.