SpaceX Shares Slide Over 30% from $225 Peak, Musk Net Worth Falls
SPCX•Elon Musk’s net worth fell to $946 billion from $1.11 trillion after SpaceX shares plunged over 30% from a $225.64 peak, wiping $240 billion during a broad tech sell-off. SpaceX’s June 12 IPO priced at $135 valued the company at $1.77 trillion with Musk holding a 42% stake.
1. Net Worth Decline
Elon Musk’s net worth declined to $946 billion from $1.11 trillion as SpaceX shares tumbled over 30% from their recent high, reflecting a swift reversal in investor sentiment following the company’s IPO debut.
2. IPO Performance and Valuation
SpaceX priced its June 12 IPO at $135 per share, valuing the company at $1.77 trillion. Shares opened at $150 and surged to a peak of $225.64, underpinning Musk’s peak net worth of $1.32 trillion based on his 42% ownership.
3. Share Price Volatility
After reaching its peak, SpaceX stock fell over 30%, including a 16% drop on June 22 that erased roughly $240 billion from Musk’s wealth. The decline mirrors a broader technology sector sell-off that pressured high-valuation growth stocks.
