Full Breakdown
Elon Musk Falls Below Trillion-Dollar Net Worth After SpaceX and Tesla Share Slump
6/25/2026, 7:37:52 AM
Core Event
On June 24 2026, Elon Musk’s net worth fell below $1 trillion after SpaceX and Tesla shares dropped sharply, ending his status as the first trillionaire. Bloomberg Index listed his wealth at $957 billion; other trackers reported $946 billion to $970.2 billion.
Key Data & Context
SpaceX IPO on June 12, 2026, priced at $135 per share and opened at $150, valuing the firm at $1.77 trillion. Musk owned about 42 % of SpaceX, roughly 80 % of his wealth. The share price rose to $225.64 by June 16, pushing his net worth to $1.32-$1.45 trillion. Bloomberg listed his net worth at $957 billion on June 24; other trackers reported $946 billion to $970.2 billion. SpaceX shares fell to $154-$156, with reports ranging $154.35-$160.90. Musk’s Tesla stake (~12 %) is valued at $151-$158 billion after a 6 % price drop.
Why It Matters
The swing shows how wealth tied to a few high-growth stocks can shift dramatically, sparking debate on wealth concentration and market stability. AI-bubble fears and rising rates amplified the sell-off, and SpaceX’s CCC governance rating raises oversight concerns.
Official Statements & Responses
Bloomberg’s 17:30 NY update recorded the valuation. AJ Bell analyst Danni Hewson said post-IPO volatility is normal but investors should avoid emotional decisions in SpaceX. deVere Group CEO Nigel Green noted investors now demand proof that AI spending yields profits. Analysts flag the late-July lock-up expiry and a $20-$25 billion SpaceX bond sale as upcoming catalysts.
Criticism & Opposition
Critics cite an AI-bubble risk, noting SpaceX’s $4.9 billion 2025 loss and $12.7 billion AI spend. MSCI’s CCC rating flags limited shareholder control, and analysts warn Musk’s concentrated holdings could amplify systemic risk, with the $20-$25 billion bond sale hinting at financing strain.
Conflicting Reports & Gaps
Net-worth estimates differ: Bloomberg $957 bn, Fox Business $946 bn, Forbes $962 bn, The Guardian $970.2 bn, Business Insider $1.08 tn. SpaceX share prices range $154.35-$160.90. Valuations vary from the IPO $1.77 tn to peaks of $2.03 tn and $2.78 tn. Sources omit exact timing and terms of the planned bond sale and lock-up release.
Verbatim Quotes
- “For a stock like SpaceX, a lot of decision making might have been emotional and based on the anticipation of huge leaps forward in space exploration and utilisation, but investing should be something treated with clear eyes and patience, even when such huge numbers are involved,” — Danni Hewson, AJ Bell
- “For a long time, the market treated AI spending as unquestionably positive. Investors are now becoming more demanding. They want evidence that unprecedented spending will translate into unprecedented profits.” — Nigel Green, CEO
- “money will stop being relevant at some point in the future” — Elon Musk, Entrepreneur
- “The market for Musk’s net worth falling below $1 trillion this year shows a 68% chance.” — Kalshi prediction market
What's Next
SpaceX’s lock-up period ends in late July, allowing insiders to sell shares, and the $20-$25 billion bond issuance will be priced soon, both of which could further swing Musk’s net worth.
