Elon Musk's Net Worth Returns to Trillion-Dollar Level as SpaceX Shares Rise

Elon Musk's net worth rose back above the trillion-dollar mark after SpaceX shares gained more than 7% on Monday, restoring the valuation that had briefly slipped earlier this year. Morgan Stanley analyst Adam Jonas described the stock as "cheap and getting cheaper," noting the recent price surge brought the shares to levels seen in June. The increase pushed Musk back into the ranks of the world's wealthiest individuals, according to real-time billionaire trackers.

In parallel with the financial development, Musk announced that he will use the phrase "Super Intelligence" instead of "artificial intelligence," aligning with a recent executive order from the U.S. president that directs federal agencies to adopt the same terminology. Musk said he intends to rename SpaceX's AI division to "SpaceXSI" to reflect the change.

During the same period, Musk's personal life attracted media attention after a public separation from the mother of his four children, who is also an employee at one of his companies. The breakup was reported alongside ongoing scrutiny of Musk's conduct toward women, which is the subject of an upcoming documentary.

The adoption of the new AI terminology has drawn commentary from observers who note the distinction between "Super Intelligence" as a generic label and "superintelligence," a concept referring to intelligence that surpasses human capabilities. Critics suggest the rebranding may be influenced by political considerations, given the president's involvement in the terminology shift.