Posted by admin admin
24 Jun, 2026
Elon Musk Loses Trillionaire Status After SpaceX Stock Slump
Elon Musk briefly became the world’s first trillionaire when SpaceX went public on June 12, boosting his fortune to an estimated $1.1 trillion.
By June 16, SpaceX’s stock soared 40% to an all‑time high, pushing Musk’s net worth to a record $1.45 trillion. However, the rally was short‑lived. As SpaceX shares fell 31% through Tuesday, coupled with new restrictions on $116 billion worth of Tesla stock, Musk’s fortune dropped to $962 billion.
The decline means Musk is no longer a trillionaire, though he remains the world’s richest person.
Elon Musk Loses Trillionaire Status Afte...