Elon Musk’s net worth tops $1.3 trillion, then drops below $1 trillion

Elon Musk’s fortune surged by $624 billion in six days, reaching $1.32 trillion after SpaceX’s debut on the stock market on 12 June, making him the world’s first trillion‑dollar billionaire. The climb included a $164 billion jump in one day, equivalent to more than four percent of the U.S. economy.

Within a week, Musk’s net worth fell sharply. By 16 June the SpaceX share price had fallen 31 percent and restrictions on roughly $116 billion of his Tesla holdings were applied. Forbes excluded those restricted shares from its calculations, leaving his wealth at about $962 billion. The decline followed Musk’s sale of $7.1 billion in Tesla stock to cover option‑exercise costs and legal rulings affecting his compensation.

Analysts note that modest movements in SpaceX and Tesla stock can swing Musk’s net worth by hundreds of billions, potentially returning him to trillion‑dollar status if the rockets company’s share price rebounds.