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Elon Musk's Net Worth Falls Below $1 Trillion As SpaceX Stock Slides
Business Insider • • general
Key Points:
- Elon Musk's net worth has dropped from over $1 trillion to $957 billion following a sharp decline in Tesla and SpaceX share prices during a global stock sell-off.
- SpaceX's stock price fell more than 30% from its peak of $225 on June 16 to around $156 on June 20, despite initially rallying after its historic IPO valued the company at over $2 trillion.
- Concerns about an AI bubble, rising interest rates, and skepticism over SpaceX's ambitious projects have contributed to the recent stock decline, with analysts wary of the company's high valuation.
- SpaceX reported a $4.9 billion loss in 2025, including $12.7 billion in capital expenditures for its AI segment, raising questions about its profitability ahead of the lockup period expiration.
- Despite the drop, SpaceX remains Musk's most valuable asset, comprising nearly 80% of his net worth, with Tesla shares also affected but to a lesser extent.
