Elon Musk is no longer a trillionaire. The rapid decline in shares of Space Exploration Technologies Corp. His net worth fell below $1 trillion for the first time since the company debuted on the Nasdaq earlier this month.
SpaceX (SPCX) priced its initial public offering at $135, but opened at $150 on June 12, pushing Musk’s wealth to a peak of $1.32 trillion by June 16. The stock has since fallen 31% from its all-time high of $225.64, dropping his net worth to $957 billion, according to the Bloomberg Billionaires Index.
SpaceX sell-off hits Musk hard
Currently, SBCX It trades around $156far from the all-time high of $225.64 hit on June 16 He grew up A record $75 billion and debuted at a valuation of nearly $1.77 trillion, the largest public offering in history.
The decline has been rapid. Monday alone saw stocks decline more than 16%. That single session wiped out nearly $240 billion of Musk’s wealth, raising his net worth to roughly $1.08 trillion annually. Bloomberg Billionaires Index. By June 24, Bloomberg estimated his fortune at $957 billion, ending his brief run as the world’s only trillionaire.
Lock expiration increases stress
SpaceX is not alone in its segment. Alphabet, Meta, Microsoft, and Amazon have all deployed some of their products The worst sessions Last year during the same technology sell-off. Meanwhile, Tesla shares are down more than 7% year to date, adding pressure to Musk’s portfolio.
Investors also face a structural test ahead. SpaceX runs staggered Lock table. Early insider shares could hit the open market as soon as late July, with the standard 180-day lockup period ending on December 8.
the SpaceX’s IPO debuts on the Nasdaq The company has attracted heavy retail demand, but the company posted a net loss of $4.9 billion in 2025, and analysts continue to debate whether the current valuation reflects that reality.
Musk still leads Bloomberg’s wealth rankings by a large margin. Larry Page ranks second with a fortune of $297 billion. However, SPCX’s ability to stabilize before the first wave of insider selling arrives will be the next real test for both the stock and Musk’s trillionaire status.
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