Elon Musk’s net worth dropped by $600 billion in a month as SpaceX shares fell to $113 from a $225 high.
SpaceX shares collapsed to $113, 50% below their $225 peak, erasing roughly $600 billion from Elon Musk’s net worth in just one month. The stock surged after its IPO at $135 but quickly reversed as investor euphoria faded.
The rapid decline mirrors historical IPO bubbles, where excitement outpaced fundamentals. SpaceX’s valuation briefly hit $1.3 trillion during the frenzy, but lockup expirations next month could pressure shares further.
Investors are now bracing for potential volatility ahead of upcoming AI-related IPOs, including Anthropic and OpenAI.