SpaceX Shares Slide 22% and Tesla Selloff Costs Musk $150B, Net Worth Falls Below $1T
TSLA•SpaceX shares plunged 22% from post-IPO highs, dragging combined declines in SpaceX and Tesla equity to over $150 billion. Elon Musk’s net worth has fallen to about $957 billion as Tesla shares slid alongside SpaceX’s post-IPO pullback.
1. Combined SpaceX and Tesla Share Declines
SpaceX’s shares fell 22% from their peak after a $2 trillion post-IPO valuation, while Tesla shares also dipped significantly in recent trading. Combined declines across both companies have erased over $150 billion from the value of Musk-owned equity.
2. Musk’s Net Worth Dips Below $1T
With these share price movements, Elon Musk’s net worth has dropped from over $1 trillion to approximately $957 billion, removing his status as a trillionaire. This marks one of the largest single‐event declines in personal wealth on record.
3. Potential Market Effects
The selloff in SpaceX and Tesla has raised questions about investor confidence and could pressure Tesla’s stock performance in the near term. Analysts will be watching company updates for signs of stabilization or further volatility.
