Elon Musk’s net worth fell to $858 billion after Tesla and SpaceX shares declined post-IPO, per Bloomberg Billionaires Index data.
Elon Musk’s net worth has declined by $242 billion from its peak of $1.1 trillion in June, settling at $858 billion. The drop follows a sell-off in SpaceX shares after its IPO and Tesla’s underperformance year-to-date.
SpaceX, where Musk holds an 82% stake in dual-class shares, saw its stock price fluctuate between $104.83 and $225.64 since its June 12 debut at $135. The company now trades at $149, valuing it at $1.9 trillion. Despite revenue growth to $7.8 billion, SpaceX reported a $541 million net loss, with its AI division posting a $1.3 billion loss.
Musk’s net worth remains $240 billion above its 2026 starting point, though the decline reflects broader market sentiment around his key holdings. Capital expenditures surged to $18.4 billion, raising investor concerns.