Elon Musk’s net worth fell to $987 billion after SpaceX shares declined 26% from their peak, erasing his trillionaire status.
Elon Musk’s net worth dropped to $987 billion after SpaceX shares fell 26% from their high of $200, removing his trillionaire status. His wealth is tied to stakes in Tesla and SpaceX, valued at $282.4 billion and $704.5 billion, respectively.
SpaceX, now worth $1.94 trillion, remains the seventh-most-valuable U.S. company, while Tesla, valued at $1.48 trillion, has declined 12.4% this year. SpaceX shares trade at $148, above their $135 IPO price but below the $150 market open.
Musk owns 717.1 million Tesla shares, or 15.7% of the company, and 46% of SpaceX, with additional performance-based equity potential.