SpaceX Came Back to Earth — and Took Elon Musk’s Trillionaire Status With It
Elon Musk is now not a trillionaire. A fast slide in Space Exploration Technologies Corp. shares has pulled his web price beneath $1 trillion for the primary time for the reason that firm’s Nasdaq debut earlier this month.
SpaceX (SPCX) priced its IPO at $135, however opened at $150, on June 12, pushing Musk’s fortune to a peak of $1.32 trillion by June 16. The inventory has since fallen 31% from its all-time high of $225.64, dragging his web price down to $957 billion, per the Bloomberg Billionaires Index.
SpaceX Selloff Hits Musk Hard
Currently, SPCX trades around $156, nicely off its all-time high of $225.64 set on June 16. The IPO raised a report $75 billion and debuted at a valuation of roughly $1.77 trillion, the most important public providing in historical past.
The drop has been quick. Monday alone noticed shares fall more than 16%. That single session wiped roughly $240 billion from Musk’s fortune, pulling his web price to roughly $1.08 trillion, per Bloomberg’s Billionaires Index. By June 24, Bloomberg positioned him at $957 billion, ending his temporary run because the world’s solely trillionaire.
Lockup Expiry Adds to the Pressure
SpaceX is just not alone in its slide. Alphabet, Meta, Microsoft, and Amazon every posted a few of their worst sessions of the previous 12 months throughout the identical tech selloff. Meanwhile, Tesla has fallen greater than 7% 12 months to date, including additional stress on Musk’s portfolio.
Investors additionally face a structural take a look at forward. SpaceX runs a staggered lockup schedule. Early insider shares might hit the open market as quickly as late July, with the usual 180-day lockup expiring on December 8.
The SpaceX IPO Nasdaq debut attracted intense retail demand, however the firm posted a $4.9 billion web loss in 2025, and analysts proceed to debate whether or not the present valuation displays that actuality.
Musk nonetheless leads the Bloomberg wealth rating by a large margin. Second-placed Larry Page sits at $297 billion. However, whether or not SPCX can stabilise earlier than the primary wave of insider promoting arrives would be the subsequent actual take a look at for each the inventory and Musk’s trillionaire standing.
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