Elon Musk briefly enjoyed a massive boost to his net worth. This was after the historic public debut of SpaceX, which led to him becoming the first trillionaire. However, he lost that rare title in less than two weeks when his company’s stock sharply dropped after a sell-off.
Elon Musk lost his trillionaire status after SpaceX selloff
Musk recently lost his trillionaire status and reverted to billionaire. This was after SpaceX’s stock sold off by a massive amount, and his shares plummeted greatly. As of June 25, 2026, his net worth is now estimated at $946 billion, as per the Bloomberg Billionaires Index. Despite this, his net worth still vastly outclasses that of his peers in the technology industry, such as Larry Page and Jeff Bezos.
Nonetheless, market fluctuations indicate that the tech mogul’s trillionaire status could easily be restored if his SpaceX and Tesla shares rebound.
The richest man in the world reportedly became a trillionaire earlier this month. On June 12, 2026, SpaceX raised a record-breaking $75 billion from its first IPO. This was valued at $1.77 trillion with a $135 price per share.
The first trading day saw the spaceflight and telecommunications firm’s worth surge to roughly above $2 trillion. Meanwhile, Musk’s own net worth surpassed the $1 trillion mark. However, on Tuesday, by the time trading closed, shares dropped by 30 percent from their peak of $225 to around $156 on June 16. This was reportedly due to a huge tech sell-off that impacted companies like NVIDIA, Intel, and AMD, sparked by concerns about capital spending, artificial intelligence structure costs, and stubborn interest rates.
Musk’s brief trillionaire status placed him in a unique, vulnerable position regarding his wealth due to its highly concentrated nature. Unlike many traditional billionaires, whose wealth encompasses fortune from multiple industries, real estate assets, and mature cash-flowing assets, his fortune is greatly tied to equity in his two companies: SpaceX and Tesla. Notably, on Tuesday, his stake at SpaceX was supposedly approximately $744 billion. Meanwhile, his Tesla holdings purportedly amounted to $158 billion.
Originally reported by Abdul Azim Naushad on Mandatory
