Elon Musk loses trillionaire status as SpaceX stock falls

By Tuesday's close, SpaceX shares had settled adjacent $156 — a retreat of much than 30% from the $225 intraday precocious reached connected June 16. A 16% single-day plunge connected Monday erased astir $240 cardinal from Musk's fortune, according to Barron's. Tesla banal fell an further 5.8% connected Tuesday, adding to the damage.

The $150 opening terms from its June 12 debut inactive sits beneath wherever the banal is trading now. The selloff proved capable to outgo Musk the trillionaire lasting helium had achieved erstwhile SpaceX went nationalist earlier this period astatine a valuation exceeding $2 trillion.

SpaceX remains Musk's astir invaluable asset. As of Tuesday, that SpaceX presumption was valued astatine $744 billion, representing adjacent to 80% of Musk's wide wealth. His Tesla stake, worthy $158 billion, has besides been wounded by the broader selloff.

Concerns astir an AI bubble and rising involvement rates person weighed connected exertion stocks implicit the past respective days. Questions from analysts astir whether SpaceX's terms tag is justified person besides surfaced, with skeptics pointing to ambitious plans ranging from orbital information centers to Mars colonization, according to Business Insider.

Documents filed with regulators earlier the IPO disclosed that SpaceX ran a $4.9 cardinal shortage successful 2025; its AI part unsocial burned done $12.7 cardinal successful superior spending. How the banal holds up erstwhile aboriginal investors and employees are escaped to offload shares — a deadline that is accelerated approaching — volition service arsenic a important gauge of marketplace confidence.

Despite the decline, Musk's luck inactive acold exceeds that of the second-richest person. The nearest rival connected the wealthiness rankings is Google co-founder Larry Page, whose $297 cardinal luck trails Musk's by astir $660 cardinal — a borderline that amounts to much than doubly Jeff Bezos's full nett worth, according to the Bloomberg Billionaires Index. The $338 cardinal Musk has added to his luck successful 2026 unsocial outstrips the full wealthiness of the world's second-richest person.