Elon Musk loses trillionaire status as SpaceX stock falls
Key takeaways
- Elon Musk loses trillionaire status as Space X stock falls Quartz · Brendan SMIALOWSKI / AFP Cris Tolomia Wed, June 24, 2026 at 6:43 PM GMT+7 2 min read SPCX TSLA Elon Musk is no longer a trillionaire.
- By Tuesday s close, Space X shares had settled near $156 — a retreat of more than 30% from the $225 intraday high reached on June 16.
- The $150 opening price from its June 12 debut still sits below where the stock is trading now.
Elon Musk loses trillionaire status as Space X stock falls Quartz · Brendan SMIALOWSKI / AFP Cris Tolomia Wed, June 24, 2026 at 6:43 PM GMT+7 2 min read SPCX TSLA Elon Musk is no longer a trillionaire. The Bloomberg Billionaires Index puts his fortune at $957 billion, a figure reflecting steep drops in both Space X and Tesla shares during a broad market selloff.
By Tuesday s close, Space X shares had settled near $156 — a retreat of more than 30% from the $225 intraday high reached on June 16. A 16% single-day plunge on Monday erased roughly $240 billion from Musk s fortune, according to Barron s. Tesla stock fell an additional 5.8% on Tuesday, adding to the damage.
The $150 opening price from its June 12 debut still sits below where the stock is trading now. The selloff proved sufficient to cost Musk the trillionaire standing he had achieved when SpaceX went public earlier this month at a valuation exceeding $2 trillion.