Elon Musk’s fortune rose to $847 billion as SpaceX stock gained 18% over the last five trading days and closed above its $135 IPO price on Monday for the first time in weeks. Bloomberg Billionaires Index data cited in the report showed Musk’s net worth increased by $29.8 billion since Monday and by $37.0 billion year-to-date. The article says Musk, CEO of both SpaceX and Tesla Inc, remains the only person seen as within reach of the trillionaire mark again after previously becoming the first person to hit that milestone this year following SpaceX’s public listing. Using the 2022 Federal Reserve Survey of Consumer Finance, which put average U.S. household net worth at $1.06 million, Musk’s wealth equates to about 799,056.6 times that level. Using the survey’s median household net worth of $192,900, the comparison rises to 4,390,876.1 times. The piece adds that Musk’s wealth is largely tied to his equity stakes of around 11% in Tesla and around 42% in SpaceX, with future compensation plans at both companies potentially increasing that total further if milestones are met.