Recent volatility in SpaceX and Tesla valuations has kept trader consensus evenly split across Musk’s projected October 31 net worth bands. SpaceX’s post-IPO correction from its June peak above $2 trillion market cap, driven by lock-up releases and reassessment of growth multiples in its Starlink and launch businesses, has pulled Musk’s primary holding below $800 billion in recent estimates, while Tesla’s mixed Q3 delivery outlook and robotaxi progress add further uncertainty. Upcoming catalysts including Tesla’s Q3 vehicle numbers, Roadster unveil, and any AI or autonomy milestones from the xAI integration could shift both equities sharply in either direction before month-end, sustaining the balanced distribution across the $700 billion to $1.2 trillion+ ranges.