Elon Musk becomes a trillionaire again

SpaceX shares rose 40% over the past five days, increasing the company's value by $530 billion. After an initial surge and subsequent drop following its June IPO, SpaceX shares rebounded as early investors and employees largely refrained from selling in August as expected. Strong quarterly results (revenue +92%), Musk's statement that AI revenue will surpass other divisions by September, growing Starlink subscribers, and the announcement of a joint chip factory with Tesla further boosted investor confidence. In five days, SpaceX's market capitalization grew by $530 billion, pushing Musk's net worth back above a trillion dollars.