SpaceX shares reach highest close since June as Musk’s estimated fortune tops $1 trillion

CNBC reports SpaceX shares rose almost 8% on October 5, 2026, reaching their highest level since mid-June. Citing Forbes’ real-time billionaires list, CNBC puts Musk’s fortune at $1.03 trillion, factoring in his Tesla and SpaceX holdings. Morgan Stanley analysts recommended buying SpaceX shares with a $300 price target, about 75% above that day’s $171.09 close.