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Elon Musk loses trillionaire status as SpaceX and Tesla stock drops

Elon Musk is no longer a trillionaire following a decline in SpaceX and Tesla stock values. A global tech rout contributed to the loss of billions from his fortune. SpaceX shares have slumped following an initial public offering.

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What changed

Musk's net worth has fallen below the trillion-dollar mark due to declining stock prices.

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  1. Elon Musk loses trillionaire status amid tech sell-off

    Elon Musk is no longer a trillionaire following a decline in SpaceX and Tesla stock values. A global tech rout contributed to the loss of billions from his fortune. SpaceX shares have slumped following an initial public offering.

    What's confirmed:

    • Elon Musk has lost his status as a trillionaire.
    • A decline in SpaceX and Tesla stock contributed to the loss of Musk's trillionaire status.
    • A global tech sell-off erased billions from Musk's fortune.

    Still unconfirmed:

    • SpaceX net worth dropped by $240 billion, a value similar to IBM.
    • SpaceX shares are slumping after a blockbuster IPO.
    • Short selling bets on SpaceX have increased after a post-debut share selloff.
    • SpaceX valuation rebounded above $2 trillion.
    confidence 90%