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Elon Musk Falls Below $1 Trillion After SpaceX Share Slump

6/25/2026

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Summary

Story summary

Elon Musk lost his trillion-dollar net-worth status less than two weeks after first reaching it.
Bloomberg’s index put his wealth at $957 billion after SpaceX and Tesla shares fell sharply.
SpaceX’s June 12 IPO priced shares at $135, valuing the company at $1.77 trillion and briefly pushing his net worth above $1 trillion.
The stock peaked at $225 on June 16 before a sell-off dropped it over 30% to $156.

History

Historical Context

The dot-com bubble peaked on March 10 2000 when the Nasdaq Composite hit 5,048.62, then fell 78% by October 2002. During the crash, Cisco lost about 80% of its stock value and Amazon’s shares dropped more than 90% from $107 to $7. Elon Musk’s 2024 net-worth swings mirror those historic tech-valuation swings in the market.

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Story summary

Elon Musk lost his trillion-dollar net-worth status less than two weeks after first reaching it.
Bloomberg’s index put his wealth at $957 billion after SpaceX and Tesla shares fell sharply.
SpaceX’s June 12 IPO priced shares at $135, valuing the company at $1.77 trillion and briefly pushing his net worth above $1 trillion.
The stock peaked at $225 on June 16 before a sell-off dropped it over 30% to $156.

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