SpaceX stock jumps 8%, returning Musk to trillionaire status

SpaceX shares rose almost 8% on Monday to their highest since mid-June, lifting Elon Musk back to trillionaire status. Morgan Stanley called the stock "cheap" with a $300 price target versus Monday's $171.09 close. Last week SpaceX launched a crewed NASA mission and sent Google AI chips into orbit.

• SpaceX shares rose nearly 8% to their highest level since mid-June
• Morgan Stanley's $300 target is about 75% above Monday's $171.09 close
• Musk's net worth stands at $1.03 trillion, per Forbes
• SpaceX launched a crewed NASA mission and sent Google AI chips to orbit