Elon Musk’s Net Worth Tops $800 Billion Again As SpaceX Shares Spike 11%

Topline Tech mogul Elon Musk’s net worth exceeded $800 billion Friday, rising as SpaceX shares surged to a three-week high alongside a broader tech stock rally .

SpaceX’s stock rose 11.7% shortly after 1 p.m. EDT, marking its highest point in three weeks as shares hit the $129 mark.

Musk’s net worth reached $802 billion in the afternoon, hitting the benchmark less than two weeks after it fell below $700 billion amid a drop in SpaceX shares.

SpaceX reported earnings earlier this week, causing shares to drop after it reported a sixfold increase in quarterly spending .