The gain was helped by SpaceX shares closing nearly 20% higher, underscoring how concentrated moves in privately linked holdings can sharply affect billionaire wealth estimates.
Elon Musk’s net worth rose by $139 billion in a single day to more than $1.11 trillion. The increase was helped by SpaceX (SPCX.O) closing nearly 20% higher. The move highlights how large price swings in closely tied equity holdings can quickly reshape real-time wealth calculations.