Elon Musk loses his trillionaire status as SpaceX stock comes back to Earth

• SpaceX’s share prices decreased Elon Musk’s His net worth is under $1 trillion.

• The richest person in the world became a trillionaire when SpaceX went public earlier this month.

• The decline in SpaceX’s shares is part of a larger sell-off in the tech industry.

Elon Musk is returning to Earth.

The world’s richest person is no longer a trillionaire after Tesla and SpaceX share prices crashed on Tuesday global stock sales. His fortune is currently $957 billion, according to Bloomberg’s Billionaires Index.

Musk became a trillionaire earlier this month, on the heels of SpaceX’s historic initial public offering valuing the rocket company at more than $2 trillion. The stock rose for days as retail investors were eager to make good on the company’s sci-fi-like promises.

But this week SpaceX shares fell. Shares closed around $156 on Tuesday, down more than 30% from their intraday high of $225 on June 16, but still above $150 when shares began trading on June 12.

technology stocks It has taken a hit in recent days amid fears of an AI bubble and interest rate hikes.

Some analysts questioned SpaceX’s high valuation and goals to reach the moon, from data centers in space to putting humans on Mars. Expiry of next period lock timeThere will be a big test when early investors and shareholders can cash out their shares.

SpaceX’s S-1 application Before the IPO, it was announced that the company reported a loss of $4.9 billion in 2025 and that its money-losing artificial intelligence segment increased capital expenditures by $12.7 billion.

The rocket company is still Musk’s most valuable asset. His shares were worth $744 billion as of Tuesday, according to Bloomberg, making up almost 80% of his net worth. His $158 billion stake in Tesla was also affected by the sales.

Of course, market fluctuations are typical, and if SpaceX recovers, Musk’s net worth will also increase.

Musk’s wealth still the second richest, significantly exceeding that of Google co-founder Larry Page. For perspective, the difference between the two (about $660 billion) is equivalent to more than two Jeff Bezoses.

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