Elon Musk Falls Below Trillion‑Dollar Net Worth After SpaceX IPO Sell‑off

Elon Musk briefly became the world’s first trillion‑dollar billionaire when SpaceX listed on the Nasdaq on 12 June 2026, sending his net worth above $1.3 trillion. Shares surged to $225 before a broader technology‑sector sell‑off, driven by concerns over AI‑related capital spending and stubborn interest rates, pushed SpaceX stock down more than 30% to around $156. The sharp correction erased roughly $240 billion from Musk’s holdings, reducing his Bloomberg‑tracked wealth to about $957 billion. Tesla’s share price also slipped nearly 6% in the same period, further denting his assets. SpaceX still represents roughly 80% of Musk’s fortune, while his Tesla stake remains the second‑largest component. Despite the decline, Musk remains the richest person globally, maintaining a sizable lead over the next‑wealthiest billionaire.