It took Elon Musk decades to become the world’s first trillionaire. It took the stock market about two weeks to take that title away.
Following a brutal decline in SpaceX shares, Musk’s net worth has dropped to roughly $956.5 billion to $957 billion, according to Forbes and Bloomberg estimates. That’s still an unfathomable amount of money, but it’s no longer the 13-digit figure that briefly made financial history.
From IPO euphoria to a 30% plunge
SpaceX went public on June 12, 2026, debuting at a valuation of approximately $2 trillion to $2.2 trillion. The IPO was, by any measure, a landmark event. It catapulted Musk’s net worth above $1 trillion, with estimates placing his peak fortune somewhere between $1.1 trillion and $1.45 trillion.
Shares climbed to $225.64 by June 16. Then gravity did what gravity does.
