{"id":128804,"date":"2026-06-25T14:06:15","date_gmt":"2026-06-25T14:06:15","guid":{"rendered":"https:\/\/www.europesays.com\/people\/128804\/"},"modified":"2026-06-25T14:06:15","modified_gmt":"2026-06-25T14:06:15","slug":"peter-schiff-says-elon-musk-lost-more-than-warren-buffett-worth-of-fortune-in-one-day-but-dont-feel-sorry-for-him-heres-why","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/people\/128804\/","title":{"rendered":"Peter Schiff Says Elon Musk Lost ‘More Than’ Warren Buffett Worth Of Fortune In One Day, But ‘Don’t Feel Sorry For Him’: Here’s Why"},"content":{"rendered":"\n

Economist Peter Schiff said that Elon Musk lost roughly $150 billion on paper Monday after SpaceX shares tumbled, a one-day paper loss larger than Warren Buffett’s total fortune, while noting Musk remains the world’s only trillionaire<\/a>. <\/p>\n

Schiff Says Musk Lost Buffett-Sized Fortune <\/p>\n

“$SPCX fell 16.5% today. On paper, @elonmusk lost about $150 billion, more than Warren Buffett’s entire net worth. However, he’s still the world’s only trillionaire, so don’t feel sorry for him,” Schiff wrote Monday on X. <\/p>\n

$SPCX<\/a> fell 16.5% today. On paper, @elonmusk<\/a> lost about $150 billion, more than Warren Buffett’s entire net worth. However, he’s still the world’s only trillionaire, so don’t feel sorry for him. <\/p>\n

\u2014 Peter Schiff (@PeterSchiff) June 22, 2026<\/a> <\/p>\n

Don’t Miss: <\/p>\n

Schiff’s post followed a 16.5% slide in SpaceX, wiping about $150 billion from Musk’s valuation in one session. Forbes estimates Buffett’s net worth at about $145 billion, putting the scale of Musk’s daily loss above the fortune of the Berkshire Hathaway Inc. chairman. <\/p>\n

Despite the drop, Musk’s net worth remains well above $1 trillion, a threshold he crossed after SpaceX’s blockbuster IPO. <\/p>\n

SpaceX Slide Wipes Out Massive Market Value <\/p>\n

SpaceX closed down 16.43% at $154.60 Monday, extending a multi-day decline. The company has shed more than $400 billion in market value and fallen to seventh among the world’s most valuable companies, with a market capitalization of nearly $2.04 trillion. <\/p>\n

MarketWatch reported that Monday’s $400.8 billion decline was the second-largest one-day value loss for a U.S. company. That amount roughly equals Palantir Technologies and Robinhood Markets losing their entire market values, plus another $19.1 billion disappearing. <\/p>\n

Schiff has criticized Musk’s trillionaire status since SpaceX’s listing. In a June 12 post, he said Musk was “the first person to surpass J.D. Rockefeller as the richest private citizen ever,” but argued that inflation-adjusted comparisons were flawed because Rockefeller “earned about $2 billion per year in real income,” while Musk “earns nothing.” He added, “What a difference a bubble makes.” <\/p>\n

See Also: Avoid the #1 Investing Mistake: How Your ‘Safe’ Holdings Could Be Costing You Big Time<\/a> <\/p>\n

Investors Still Bet On Musk’s SpaceX Vision <\/p>\n

Meanwhile, SpaceX also announced a senior unsecured notes offering on Monday and disclosed it had $100.8 billion in cash and cash equivalents as of June 19. <\/p>\n

Cathie Wood’s Ark Invest bought 210,121 SpaceX shares across four ETFs on Monday, adding roughly $32.5 million worth of stock at the day’s $154.60 closing price. The purchases extended Ark’s aggressive bet on SpaceX after it bought about 3.3 million shares on the company’s IPO day. <\/p>\n

Bullish investors are still betting Musk can drive long-term returns at SpaceX. The company posted a $4.9 billion net loss in 2025 and lost $4.28 billion in the first quarter. But many investors who bought after the debut have seen most gains vanish in the pullback. <\/p>\n

Even so, the IPO made Musk the world’s first trillionaire, minted thousands of new millionaires, according to a New York Times report and pushed some shareholder stakes above $1 billion. <\/p>\n

According to Benzinga Edge Rankings, SpaceX stock provides an unfavorable price trend in the Short, Medium and Long term. <\/p>\n

Photo Courtesy: Frederic Legrand \u2013 COMEO on Shutterstock.com <\/p>\n

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Miso Robotics <\/p>\n

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