Elon Musk's reign as the world's first trillionaire has ended abruptly. A significant drop in SpaceX shares, coupled with a weaker Tesla stock and a broader tech sell-off, has seen his net worth fall to an estimated $957 billion. Despite this substantial dip, Musk comfortably retains his position as the world's richest individual, far ahead of his closest competitors.

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…

The US entrepreneur's fortune has fallen to $957 bln

Continued weakness in SpaceX shares could threaten Musk’s wealth

World's first trillionaire is no longer a trillionaire!

Elon Musk's net worth has dipped below the trillion-dollar mark following a significant slump in SpaceX and Tesla shares. Just weeks after becoming the world's first trillionaire…