- Elon Musk is no longer a trillionaire after SpaceX stock (NASDAQ: SPCX) plunged to a low of $147.
- His net worth now fluctuates between $992 and $997 billion, a sharp drop from the $1.4 trillion peak.
- Early investors like Google and Fidelity made enormous profits, with Google seeing a $140 billion return on its 2015 investment.
Elon Musk saw his wealth drop significantly in July, erasing his trillionaire status achieved after the SpaceX IPO last month. The stock (NASDAQ: SPCX) plunged to a new low of $147, settling at $149 on Tuesday’s closing bell.
Consequently, his net worth now fluctuates between $992 billion and $997 billion, just shy of the $1 trillion mark. This shift from a 14-digit to a 13-digit zone follows SpaceX’s weak performance, after his wealth had reached an unprecedented high of $1.4 trillion.
However, Elon Musk remains the world’s richest man and could reclaim the territory if confidence in SPCX grows. The euphoria over the IPO launch did not last long, as institutional funds with pre-IPO access made enormous profits on the first trading day.
Viram Shah, Founder and CEO of Vested Finance, stated the correction does not mean SpaceX is a weaker company, according to reports. He emphasized that “the correction isn’t about SpaceX suddenly becoming a weaker company” and that “it’s important for investors to understand market structure.”
Meanwhile, early investors reaped massive rewards. Alphabet’s Google invested $1 billion alongside Fidelity in 2015 and saw a record profit of $140 billion in 2026. Even a wealthy Indian family office based in Dubai reportedly made 100x returns on its SpaceX IPO investments.
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