{"version":1,"type":"story","url":"https://digestai.news/story/spacex-stock-surges-8-to-171-09-restoring-musks-trillionaire-status","json":"https://digestai.news/story/spacex-stock-surges-8-to-171-09-restoring-musks-trillionaire-status.json","markdown":"https://digestai.news/story/spacex-stock-surges-8-to-171-09-restoring-musks-trillionaire-status.md","slug":"spacex-stock-surges-8-to-171-09-restoring-musks-trillionaire-status","headline":"SpaceX stock surges 8% to $171.09, restoring Musk’s trillionaire status","summary":"SpaceX shares climbed nearly 8% on Monday, reaching their highest since June 16, when the company’s IPO closed at a record $201.80. The rally pushed Elon Musk’s net worth past $1.03 trillion, according to Forbes, restoring his trillionaire status. The move followed a Sunday note from Morgan Stanley analysts, who called SpaceX shares ‘cheap’ at current prices and cited upcoming milestones: AI product releases, Starship test flights, and new neocloud contracts. They set a $300 price target, a 75% increase from Monday’s closing price of $171.09, urging investors to buy before the next Starship test or the third-quarter earnings report in late October.\n\nRevenue from AI chip rentals to Google and Anthropic and defense contracts—including over $12.7 billion from the Pentagon—are driving growth. Musk also joined the Trump administration’s Project Meridian, a defense initiative. Meanwhile, New York City Council members criticized AI’s economic impact, singling out Musk’s wealth amid debates over regulation.","keyPoints":["SpaceX shares rose 8% to $171.09, restoring Musk’s $1.03 trillion net worth","Morgan Stanley analysts call stock ‘cheap’ and set a $300 price target, citing Starship and AI progress","SpaceX earns $12.7B from Pentagon contracts and rents AI chips to Google and Anthropic"],"whyItMatters":"SpaceX’s stock surge reflects investor confidence in its AI, Starship, and defense growth, but Grok’s market share remains small compared to OpenAI and Anthropic.","category":{"slug":"business","name":"Business & Funding","url":"https://digestai.news/category/business"},"entities":{"companies":["SpaceX","Morgan Stanley","OpenAI","Anthropic","Google","Tesla"],"models":["Grok"],"people":["Elon Musk","Donald Trump"]},"firstPublishedAt":"2026-10-05T20:10:13Z","updatedAt":"2026-10-05T20:10:13Z","sourceCount":1,"hasPrimarySource":false,"sources":[{"outlet":"CNBC Technology","title":"SpaceX stock climbs to highest since June, returning Musk to trillionaire status","url":"https://cnbc.com/2026/10/05/spacex-stock-climbs-highest-since-june-returning-musk-to-trillionaire.html","publishedAt":"2026-10-05T20:10:13Z","type":"press","primary":false,"lead":true}],"sourceNotes":null,"discussions":[],"thread":{"title":"SpaceX Builds Orbital AI Data Center","url":"https://digestai.news/thread/spacexai-to-add-660-000-gpus-nearing-1-44-million-total","storyCount":4},"cite":{"text":"Digest AI, \"SpaceX stock surges 8% to $171.09, restoring Musk’s trillionaire status\", 5 October 2026, https://digestai.news/story/spacex-stock-surges-8-to-171-09-restoring-musks-trillionaire-status","publisher":"Digest AI","title":"SpaceX stock surges 8% to $171.09, restoring Musk’s trillionaire status","datePublished":"2026-10-05T20:10:13Z","url":"https://digestai.news/story/spacex-stock-surges-8-to-171-09-restoring-musks-trillionaire-status"},"generatedBy":"Written by Digest AI's editorial model from the linked sources; the sources are the record.","license":"Headlines, digests and key points are written by Digest AI and may be quoted with a link to the story page. Linked articles belong to their publishers. Terms: https://digestai.news/terms#reuse"}