SpaceX rally pushes Musk's wealth past $1 trillion milestone

SpaceX shares climbed 8% to reach June highs following Morgan Stanley's reiterated bullish stance on the company. The investment bank cited artificial intelligence, chipmaking, and Starship opportunities as key growth drivers.

Elon Musk confirmed ongoing discussions with Taiwan Semiconductor Manufacturing Company regarding potential chip production for SpaceX. The company's upcoming Starship Flight 15 is also expected to serve as a near-term catalyst for further momentum.

The latest rally has pushed Musk's estimated total wealth above the $1 trillion mark, underscoring the growing valuation of his companies in the market.