Elon Musk’s net worth falls below $700 billion as SpaceX shares slump

Elon Musk SpaceX share drop net worth decline philanthropy pledge Daron Acemoglu

SpaceX’s shares have fallen roughly 50 % since their June 16 peak of $225.64, sinking to around $109.50. The plunge erased about $1.5 trillion in market capitalisation and pushed the company’s valuation to roughly $1.5 trillion, a loss comparable to the market value of Musk’s other major firm, Tesla. As a result, Elon Musk’s personal fortune dropped below $700 billion, with Forbes estimating it between $680 billion and $696 billion, marking the first time since December 2025 that his net worth fell beneath that threshold.

Nobel‑prize economist Daron Acemoglu publicly challenged Musk to donate his entire wealth by 2036, arguing that such a pledge would demonstrate his belief in the future of artificial intelligence and address concerns over billionaire influence. Musk responded on X that he is “actually going to do something along these lines,” though he gave no specifics. Meanwhile, Morgan Stanley analyst Adam Jonas called the current price a buying opportunity, and The Boring Company is reported to be seeking about $4 billion in a new funding round that would value the venture at roughly $20 billion.

Entities

Changpeng Zhao · Daron Acemoglu · Elon Musk · Forbes · Morgan Stanley · SpaceX · Tesla, Inc. · The Boring Company

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] Binance founder Changpeng Zhao called Musk “pre‑rich” after the loss of trillion‑dollar status. en.coin-turk.com · u.today
[● 4 SOURCES] SpaceX shares fell more than 40% from their IPO peak, dropping from about $202 to under $120 per share. www.cnbce.com · www.izgazete.net · 36kr.com · www.breitbart.com
[● 3 SOURCES] Tesla’s stock fell roughly 20% in a single week, closing near $313. www.izgazete.net · www.ithome.com · www.breitbart.com
[○ 1 SOURCE] Musk’s fortune fell about $130 billion in a single week. www.tekedia.com
[● 2 SOURCES] Morgan Stanley kept a “buy” rating on SpaceX and a $300 target price. www.cnbce.com · www.borsavegundem.com
[● 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. www.izgazete.net · www.breitbart.com · www.moncloa.com · sweettntmagazine.com · coingape.com
[○ 1 SOURCE] Short‑seller interest in SpaceX rose to about 32 % of the float. 36kr.com
[● 2 SOURCES] Musk said “money won’t matter in 2036”. coingape.com · www.ibtimes.com.au
[● 2 SOURCES] SpaceX shares dropped roughly 41% from their post‑IPO peak. www.cnbce.com · www.moncloa.com
[● 3 SOURCES] Elon Musk’s net worth fell by an estimated $650‑$700 billion, bringing it below $1 trillion. www.izgazete.net · eldiariony.com · www.baocalitoday.com
[● 2 SOURCES] Elon Musk humorously described himself as a “former trillionaire”. www.izgazete.net · www.baocalitoday.com
[● 2 SOURCES] Tesla shares fell about 18% to $313 per share during the week. www.izgazete.net · eldiariony.com