SpaceX Stock Plunge Costs Elon Musk His Trillionaire Status

Elon Musk No Longer a Trillionaire After SpaceX Shares Tumble

According to НВ — Техно: Elon Musk has lost his trillionaire status following a sharp decline in SpaceX's stock price. He first reached the trillion-dollar milestone in early June 2026, right after SpaceX's initial public offering pushed its market value above $2 trillion. But since hitting that peak, the company's shares have dropped by more than 30%. At Tuesday's market close, SpaceX stock was trading at roughly $156, compared to an intraday high of $225 recorded on June 16.

SpaceX's Financial Performance Under Scrutiny

Trading in SpaceX shares began on June 12 with an opening price of $150. Meanwhile, the company reported significant losses of $4.9 billion in 2025. Its artificial intelligence division spent $12.7 billion on capital investments, further weighing on financial results. As of Tuesday, Musk's stake in SpaceX was valued at $744 billion-representing nearly 80% of his total net worth.

• Musk's holdings in Tesla are estimated at $158 billion.
• The gap between Musk's wealth and that of Larry Page stands at approximately $660 billion.

Despite these setbacks, SpaceX continues to pursue ambitious projects, including building data centers in space and sending humans to Mars. However, the company must navigate challenges tied to the expiration of its share lock-up period. These factors could shape the company's future trajectory and market prospects.

Elon Musk losing his trillionaire status highlights the volatility of stock markets, especially in the tech and aerospace sectors, where investments can carry significant risk.

The drop in SpaceX's stock value also raises questions about the company's financial stability, given its heavy spending on new technologies and projects. This could have far-reaching implications for investors and the broader market, particularly in light of SpaceX's bold ambitions in the space industry.

The recent decline in SpaceX's stock not only affected Elon Musk's wealth but also raised broader concerns about the company's financial health and future projects. For a deeper understanding of the implications of this stock plunge and its impact on Musk's status, you can read more in our related article on Musk's loss of trillionaire status.