Musk’s Net Worth Tops GDP Of Taiwan As SpaceX Stock Soars On Morgan Stanley Bullish Note
A branding tweak with no timeline and a repeated Wall Street price target sent SpaceX shares surging enough to reshape one person's fortune in ways that dwarf entire national economies.
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Shares of SpaceX (NASDAQ:SPCX | SPCX Price Prediction) rose sharply Monday after two developments. First, CEO Elon Musk said the company plans to rename its artificial intelligence unit. Then Morgan Stanley (NYSE:MS) repeated its price target on the stock. The last quote was $171.40 as of 6:42 PM ET on October 5, 2026, in after-hours trading. At that point the after-hours move stood at 0.18%, according to Pluang. That figure covers post-close trading only and does not show how the regular session went.
Yahoo Finance said shares rose more than 2% early Monday on the branding change, then jumped 8% after Morgan Stanley repeated its position.
A Rename Confirmed in a Reply on X
The first developments came Sunday. Yahoo Finance reported that Musk said SpaceX plans to rename its AI unit from SpaceXAI to SpaceXSI, adopting a term preferred by President Donald Trump. According to the same Yahoo Finance report, Trump argued for using “super intelligence” and the abbreviation SI in place of artificial intelligence during a speech to the United Nations General Assembly last month.
Musk confirmed the plan in a reply to a user on X with no timetable. As of reporting, the company had not yet renamed the SpaceXAI account on X.
Morgan Stanley Repeated Its $300 Target, according to Proactive financial news
The second developments came from Wall Street. Proactive financial news reported that Morgan Stanley repeated its $300 price target on SpaceX. AOL.com reported that the bank described the shares as “cheap and getting cheaper” as the stock surged.
Musk’s Estimated Net Worth Crosses the Trillion Mark Again, according to Forbes
The rally lifted Musk’s estimated fortune. Forbes reported that Musk became a trillionaire again after SpaceX stock jumped. Qz.com ran the headline “Elon Musk regains trillionaire status as SpaceX stock surges.” Finance.biggo.com reported that his net worth moved back above $1.03 trillion as shares rose. That number is an estimate. It rises and falls with the share price during the trading day.
For scale, the IMF puts Taiwan’s gross domestic product at $976.62 billion, which is below the reported net worth level.
A net worth is accumulated wealth valued at one moment; GDP is the value of everything a country produces over a full year.
Two Headlines and One Large Move
A company said it plans to rename a division with no timetable, operational change, or financial detail. A bank repeated a price target it already held. Together, those events matched with the reported gains and pushed one person’s estimated net worth above a full year of an economy’s output.
A Rally Already Underway Before Monday
Monday added to gains the stock had already built. SpaceX is up 17.82% over the past week and 15.85% over the past month through the latest quote. The stock’s price history starts on June 12, 2026, so there is no year-to-date or longer-term comparison to offer.
What Investors Still Do Not Know
The rebranding has no announced timetable or stated operational effect. Morgan Stanley’s price target remained unchanged. Formal details would most likely appear on SpaceX’s investor relations site or in its SEC filings.
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AJ spent 10 years writing about financial markets at The Motley Fool. His coverage centers on technology stocks and the broader macroeconomic trends, from interest rates to geopolitics, that shape where markets are headed next. AJ is drawn to the stories where big-picture economics and individual companies collide.
