Musk's net worth has dropped from a peak of $1.32 trillion to $1.08 trillion at the time of writing, per the Bloomberg Billionaires Index. The drop—between June 16 and a week later—is some $240 billion.

Elon Musk became the world's first trillionaire when SpaceX went public. His net worth is dropping as SpaceX shares sell off.

Musk's net worth has dropped from a peak of $1.32 trillion to $1.08 trillion at the time of writing, per the Bloomberg Billionaires Index. The drop—between June 16 and a week…