Elon Musk’s Net Worth Plunges as SpaceX and Tesla Shares Collapse
Shares of SpaceX fell more than 40% from their June 2026 IPO peak, dropping from about $202 to under $120 per share, while Tesla’s stock slid roughly 20% in a single week to around $313. The combined effect erased between $650 billion and $700 billion from Elon Musk’s paper wealth, reducing his net worth from a peak of roughly $1.45 trillion in mid‑June to about $750 billion by late July. In the same period Musk’s fortune fell about $130 billion in a single week. Morgan Stanley kept a “buy” rating on SpaceX with a $300 target price, citing the company’s AI and launch capabilities. The sharp decline sparked a wave of social‑media commentary: Binance founder Changpeng Zhao dubbed Musk “pre‑rich,” while Musk himself joked about being a “former trillionaire” and later said “money won’t matter in 2036.” Short‑seller interest in SpaceX rose to roughly 32 % of the float, reflecting heightened bearish bets on the stock.
Entities: Changpeng Zhao · Elon Musk · Morgan Stanley · SpaceX · Tesla, Inc.
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 2 SOURCES] Binance founder Changpeng Zhao called Musk “pre‑rich” after the loss of trillion‑dollar status.
- [● 4 SOURCES] SpaceX shares fell more than 40% from their IPO peak, dropping from about $202 to under $120 per share.
- [● 3 SOURCES] Tesla’s stock fell roughly 20% in a single week, closing near $313.
- [○ 1 SOURCE] Musk’s fortune fell about $130 billion in a single week.
- [○ 1 SOURCE] Morgan Stanley kept a “buy” rating on SpaceX and a $300 target price.
- [● 5 SOURCES] Elon Musk’s net worth dropped from about $1.45 trillion in mid‑June 2026 to roughly $750 billion by late July 2026, a loss of $650‑$700 billion.
- [○ 1 SOURCE] Short‑seller interest in SpaceX rose to about 32 % of the float.
- [● 2 SOURCES] Musk said “money won’t matter in 2036”.