Key facts
- Elon Musk is no longer a trillionaire after a decline in SpaceX and Tesla stock prices.
- Musk's net worth is now estimated at $957 billion by Bloomberg's Billionaires Index.
- SpaceX shares have fallen more than 30% from their intraday peak.
- Concerns about an AI bubble and potential interest rate increases have impacted tech stocks.
- SpaceX reported a $4.9 billion loss in 2025 and significant capital expenditures for its AI segment.
Elon Musk has fallen from trillionaire status due to a significant drop in the stock prices of SpaceX and Tesla. According to Bloomberg's Billionaires Index, Musk's net worth is now $957 billion. He had briefly achieved trillionaire status earlier this month following SpaceX's initial public offering, which valued the company at over $1.77 trillion. The stock experienced a rally driven by investor enthusiasm, but has since plummeted.
SpaceX shares closed around $156 on Tuesday, marking a decline of more than 30% from an intraday high of $225.64 on June 16. This downturn occurred amidst a broader sell-off in tech stocks, fueled by concerns over a potential AI bubble and anticipated interest rate hikes. Analysts have raised questions about SpaceX's high valuation and its long-term objectives.
SpaceX's S-1 filing revealed a $4.9 billion loss in 2025 and $12.7 billion in capital expenditures for its AI segment. Despite these challenges, SpaceX remains Musk's most valuable asset, with his shares valued at $744 billion as of Tuesday, representing nearly 80% of his total net worth. His Tesla holdings, worth $158 billion, have also been affected by the market downturn. Market fluctuations are common, and a rebound in SpaceX's stock could restore Musk's trillionaire status.