{"id":44608,"date":"2026-06-24T05:27:25","date_gmt":"2026-06-24T05:27:25","guid":{"rendered":"https:\/\/www.europesays.com\/news\/44608\/"},"modified":"2026-06-24T05:27:25","modified_gmt":"2026-06-24T05:27:25","slug":"elon-musks-net-worth-falls-below-1-trillion-as-spacex-stock-slides","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/news\/44608\/","title":{"rendered":"Elon Musk’s Net Worth Falls Below $1 Trillion As SpaceX Stock Slides"},"content":{"rendered":"

Elon Musk is headed back down to Earth.<\/p>\n

The richest person in the world is no longer a trillionaire after Tesla and SpaceX share prices plunged during Tuesday’s global stock sell-off.<\/a> He is now worth $957 billion, according to Bloomberg’s Billionaires Index.<\/p>\n

Musk became a trillionaire earlier this month, moments after SpaceX’s historic initial public offering valued the rocket company at more than $2 trillion. The stock rallied for days, with retail investors eager to get in on the company’s sci-fi-like promises.<\/p>\n

But this week, SpaceX’s stock<\/a> has plummeted. Shares closed around $156 on Tuesday, down more than 30% from an intraday peak of $225 on June 16, though still more than the $150 at which shares began trading on June 12.<\/p>\n

Tech stocks<\/a> have been hit in recent days amid fears of an AI bubble and an interest rate increase.<\/p>\n

Some analysts have questioned SpaceX’s sky-high valuation<\/a> and moonshot goals, from data centers in space to putting humans on Mars. The coming expiration of the lockup period<\/a>, when early investors and shareholders can cash out their stakes, will be a major test.<\/p>\n

SpaceX’s S-1 filing<\/a> ahead of the IPO revealed that the company posted a $4.9 billion loss in 2025, with its money-losing AI segment racking up $12.7 billion in capital expenditures.<\/p>\n

The rocket company is still Musk’s most valuable asset. His shares were worth $744 billion as of Tuesday, and accounted for nearly 80% of his net worth, according to Bloomberg. His stake in Tesla, worth $158 billion, has also been hit by the sell-off.<\/p>\n

Of course, market fluctuations are typical \u2014 and if SpaceX bounces back, so will Musk’s net worth.<\/p>\n

Musk’s fortune<\/a> still significantly exceeds that of the richest runner-up, Google cofounder Larry Page. For perspective, the discrepancy between the two \u2014 roughly $660 billion \u2014 is equivalent to more than two Jeff Bezoses.<\/p>\n","protected":false},"excerpt":{"rendered":"Elon Musk is headed back down to Earth. The richest person in the world is no longer a…\n","protected":false},"author":2,"featured_media":44609,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[4],"tags":[281,758,76,566,8,4224,25225,9,25223,11965,8217,25226,13774,6415,3455,7,25224,78],"class_list":["post-44608","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-stories","tag-bloomberg","tag-day","tag-earth","tag-elon-musk","tag-headlines","tag-human","tag-net-worth-falls","tag-news","tag-rocket-company","tag-share","tag-spacex","tag-spacex-stock-slides","tag-stake","tag-stock","tag-tesla","tag-top-stories","tag-trillionaire-status","tag-tuesday"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@news\/116803432741396799","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/posts\/44608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/comments?post=44608"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/posts\/44608\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/media\/44609"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/media?parent=44608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/categories?post=44608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/tags?post=44608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}