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SpaceX Shares Slip 4.8%, Musk Loses Trillionaire Status

7/27/2026

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Summary

Story summary

SpaceX shares fell 4.8% to $109.50, cutting Elon Musk’s net worth to $695.7 billion and erasing $29.5 billion; he holds 4.8 billion shares, 350 million options, and a “former” trillionaire label.
JPMorgan analyst Seth Seifman said the latest Starship launch will generate extensive analysis through 2027.
Analysts Dan Ives and Gavin Parsons called SpaceX a potential hyperscaler and said the launch validated booster relight.

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Story summary

SpaceX shares fell 4.8% to $109.50, cutting Elon Musk’s net worth to $695.7 billion and erasing $29.5 billion; he holds 4.8 billion shares, 350 million options, and a “former” trillionaire label.
JPMorgan analyst Seth Seifman said the latest Starship launch will generate extensive analysis through 2027.
Analysts Dan Ives and Gavin Parsons called SpaceX a potential hyperscaler and said the launch validated booster relight.