UNIPA News Desk|| June 26-Elon Musk’s net worth has fallen below the $1 trillion mark following a sharp decline in the share prices of SpaceX and Tesla, highlighting the volatility of fortunes closely tied to equity markets.
According to the Bloomberg Billionaires Index, Musk’s estimated wealth stood at approximately $957 billion on Thursday before declining further to around $946 billion the following day. The drop comes less than two weeks after he briefly became the world’s first trillionaire, driven by SpaceX’s highly successful stock market debut.
Musk crossed the $1 trillion milestone on June 12 after SpaceX launched its long-awaited initial public offering (IPO). The company priced its shares at $135 each, opening at $150 and reaching a valuation of more than $1.77 trillion. With an estimated 42% stake in SpaceX, alongside his holdings in Tesla, Musk’s fortune surged past the trillion-dollar threshold.
Investor optimism pushed SpaceX shares to an intraday high of $225.64 on June 16, lifting Musk’s estimated net worth to approximately $1.32 trillion. However, the rally proved short-lived.
Since then, SpaceX shares have fallen by more than 30% from their June peak, trading at around $156 after roughly $600 billion was erased from the company’s market value during a broader sell-off in technology stocks. Tesla shares also declined by nearly 6%, further reducing Musk’s paper wealth.
The decline has been attributed to growing concerns over a potential artificial intelligence investment bubble and expectations that U.S. interest rates could remain elevated for longer. Technology stocks broadly came under pressure, with semiconductor companies among the hardest hit during the latest market correction.
Ahead of its IPO, SpaceX disclosed a $4.9 billion deficit for 2025 in regulatory filings, while its artificial intelligence division reportedly invested $12.7 billion in capital expenditures. Investors are also closely monitoring the upcoming expiration of the IPO lock-up period, when early investors and employees will be eligible to sell their shares.
Despite the recent decline, Musk remains the world’s wealthiest individual. Bloomberg rankings place Larry Page second, followed by Sergey Brin, Jeff Bezos and Michael Dell.
Around 80% of Musk’s wealth remains tied to SpaceX, with most of the remainder linked to Tesla, leaving his net worth highly sensitive to movements in the share prices of the two companies.
