Elon Musk Becomes A Trillionaire—Again—After SpaceX Stock Jumps

0:28This episode is brought to you by Indeed. Elon Musk's net worth topped$1 trillion again on Monday as stocks for his companies SpaceX and Tesla climbed after markets opened, restoring the controversial tech mogul's trillionaire status after he first hit that milestone earlier this year. Forbes estimates Musk's net worth surged by$30.6 billion since Friday, and he's by far the richest person in the world. Amazon leader Jeff Bezos is in a distant second place with a net worth of$371.5 billion. Musk previously became the world's first trillionaire in June after SpaceX first began trading on the Nasdaq, though he lost that status days later as stock prices for SpaceX and Tesla slumped.

1:13But shares of his firms have since rallied, with Tesla's third quarter deliveries beating analyst expectations last week, helping to bump Musk's net worth by$61 billion on Friday alone. Tesla's stock price continued to rise more than 1 % Monday morning, while SpaceX's stock rose more than 5 % to$167. The trillionaire will soon be in the media spotlight in a different way when the documentary Musk hits theaters this month. The film is rolling out in New York and Los Angeles on Friday before debuting nationwide on October 16th. Early reviews suggest the four-hour-long documentary takes a harshly critical perspective on Musk.

1:52Musk has already lashed out against the documentary, calling it a false film and describing director Alex Gibney as a horrible human. He's also threatened to sue the filmmaker for defamation over claims made in the film. The Hollywood Reporter suggested last month that Universal Pictures was having cold feet about releasing the film internationally, given Musk's significant influence. But the studio maintained in a statement that it has always been committed to releasing this film and our plans haven't changed. Musk's net worth jump also comes days after his former girlfriend, Siobhan Zilis, revealed on social media on Friday that she had been let go from their relationship.

2:30Zilis and Musk have four children together and Zilis, an executive at Musk's Neuralink, testified in court in May that the two were solely friends and colleagues before they became romantic partners. For more on this story, click the link in the description.

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