Elon Musk loses $363 billion as SpaceX posts Q2 earnings FAST-MOVING
SpaceX’s historic June 12, 2026 IPO raised roughly $75 billion and gave the company a market value exceeding $2 trillion, briefly making founder Elon Musk the world’s first trillion‑dollar billionaire. In the first quarterly report after going public, SpaceX reported second‑quarter 2026 revenue of $7.8 billion, up 92 % year‑on‑year, while its net loss narrowed to $541 million from $1 billion a year earlier.
Capital spending surged to $18.4 billion, driven largely by artificial‑intelligence projects that alone cost $15.8 billion. The company’s AI division generated $2.56 billion in revenue, and Starlink’s subscriber base doubled to 12 million, covering 167 countries. After the earnings release, SpaceX shares slipped about 8 % in after‑hours trading and are down roughly 50 % from their June peak.
The sharp market correction cut Musk’s personal fortune from a peak of about $1.33 trillion to roughly $690 billion, a loss of about $363 billion – the largest monthly decline ever recorded for a billionaire. Jeff Bezos, meanwhile, saw his wealth rise by $29 billion to $278 billion, making him the top gainer of the month.
Entities: Bloomberg Billionaires Index · Elon Musk · Forbes · Jeff Bezos · SpaceX · Starlink · Tesla · Tesla Inc.
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 5 SOURCES] Musk’s net worth after the decline was estimated at roughly $684‑$690 billion. (multiple articles)
- [● 4 SOURCES] Tesla shares fell about 26 % after a disappointing quarterly earnings report. (multiple articles)
- [● 5 SOURCES] Musk’s net worth fell by about $650‑$700 billion between June and early August 2026. (1be2ab64,30cd862e,81bf5c31,84823e0b,8d35ceb9)
- [● 5 SOURCES] Elon Musk became the world’s first trillion‑dollar billionaire in June 2026 after SpaceX’s IPO. (1be2ab64,30cd862e,81bf5c31,84823e0b,8d35ceb9)
- [● 2 SOURCES] The $363 billion loss in July 2026 is the largest monthly wealth decline ever recorded for a billionaire. (81bf5c31,84823e0b)
- [● 4 SOURCES] SpaceX shares fell roughly 37 % in July 2026 after the IPO. (multiple articles)
- [● 3 SOURCES] SpaceX’s capital expenditures rose to $18.4 billion in Q2 2026, with $15.8 billion spent on AI development. (multiple articles)
- [● 2 SOURCES] SpaceX reported Q2 2026 revenue of $7.81 billion, a 92 % year‑over‑year increase, and a net loss of $541 million. (ddc2f86c,664f979f)
- [● 2 SOURCES] Jeff Bezos’ fortune increased by $29 billion in July 2026, reaching $278 billion. (multiple articles)
- [● 2 SOURCES] SpaceX reported Q2 2026 revenue of $7.81 billion, a 92 % year‑over‑year increase. (multiple articles)
- [● 2 SOURCES] SpaceX reported a net loss of $541 million in Q2 2026. (multiple articles)
- [● 3 SOURCES] Elon Musk became the world’s first trillion‑dollar billionaire on 12 June 2026 after SpaceX’s IPO. (multiple articles)