{"id":2299,"date":"2026-08-07T18:54:09","date_gmt":"2026-08-07T18:54:09","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=2299"},"modified":"2026-08-07T18:54:09","modified_gmt":"2026-08-07T18:54:09","slug":"elon-musks-net-worth-tops-800-billion-again-as-spacex-shares-spike-11","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=2299","title":{"rendered":"Elon Musk\u2019s Net Worth Tops $800 Billion Again As SpaceX Shares Spike 11%"},"content":{"rendered":"
\n

Tangent<\/h2>\n

In addition to SpaceX, tech stocks such as Palantir, Cloudflare and Microchip technology surged Friday. Palantir shares traded up more than 9% around 12:30 p.m. EDT, while Microchip\u2019s stock continued climbing to a 14% increase. The rally materialized after an underwhelming jobs report<\/u> that recorded 23,000 jobs lost in July.<\/p>\n

Read more Senate Continues Spending Bill Talks Today\u2014Here\u2019s The Hemp Ban Holding It Up<\/a><\/p>\n

Key Background<\/h2>\n

Musk became the world\u2019s first ever trillionaire in June after SpaceX went public, with his estimated net worth reaching as high as $1.45 trillion at its peak<\/u>. Musk owns roughly 38% of the company, tightly linking his net worth with SpaceX\u2019s stock performance. SpaceX\u2019s capital expenditure reached $18.3 billion in its latest quarter, with artificial intelligence spending accounting for $15.8 billion of the spending. Musk said SpaceX expects revenue to potentially exceed $1 trillion as early as 2029, shaving down his initial projection by two years. SpaceX\u2019s revenue driver is its Starlink satellite internet service, the turnover of which nearly doubled in its second quarter.<\/p>\n

Read more U.K. Backs Paramount\u2019s $110 Billion Warner Bros. Discovery Deal<\/a><\/p>\n

Further Reading<\/h2>\n

SpaceX And Palantir Lead Tech Stock Rally After Underwhelming Jobs Report<\/u> (Forbes)<\/p>\n

Read more New Mexico Court Orders Meta To Pay Nearly $1 Billion In Landmark Child Safety Case<\/a><\/p>\n

<\/div>\n

Elon Musk\u2019s Wealth Sinks Below $700 Billion As SpaceX Rout Extends<\/u> (Forbes)<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Musk\u2019s net worth exceeded $1 trillion in June after his spaceflight and artificial intelligence company went public.<\/p>\n","protected":false},"author":1,"featured_media":2298,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2299","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nElon Musk\u2019s Net Worth Tops $800 Billion Again As SpaceX Shares Spike 11% - Coast to Coast Movers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coasttocoastmoverss.com\/?p=2299\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elon Musk\u2019s Net Worth Tops $800 Billion Again As SpaceX Shares Spike 11% - 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