According to data from Bloomberg, Musk’s net worth fell to $957 billion, down from more than $1.1 trillion at the beginning of June 2026.
Despite the decline, he remains the richest person in the world.
SpaceX was listed on the stock market on June 12, 2026. Its shares debuted at $150 each, giving the company a valuation of more than $1.77 trillion. Since Musk owns 42% of SpaceX, his net worth immediately surpassed $1 trillion.
On June 16, SpaceX shares climbed to $225 per share, boosting Musk’s fortune to approximately $1.32 trillion.
However, the stock later declined as investors became concerned that technology companies had become excessively overvalued.
SpaceX shares fell by 30%, dropping to $156 per share. On June 22 alone, the stock lost 16% of its value, causing Musk’s wealth to shrink by about $240 billion.
In the following days, Tesla shares also declined by 6%, further increasing Musk’s losses, as he owns roughly 12% of Tesla.
The sharp decline highlights the volatility that often accompanies high-growth technology companies. While Musk’s fortune can rise dramatically when investors are optimistic about the future of his businesses, it can also fall just as quickly when market sentiment shifts.
Analysts note that much of Musk’s wealth is tied directly to the market value of his companies rather than cash holdings. As a result, fluctuations in the share prices of SpaceX and Tesla have an outsized impact on his net worth, making it one of the most volatile fortunes in the world.
Despite the recent setback, both Tesla and SpaceX remain among the most valuable companies in their respective industries. Tesla continues to be a major player in the global electric vehicle market, while SpaceX dominates the commercial space launch sector and is expanding its satellite internet business through Starlink.
Investors will now be watching closely to see whether the recent decline is a temporary market correction or the beginning of a longer period of pressure on technology stocks. The performance of SpaceX in its first months as a publicly traded company is expected to be a key factor in determining the future trajectory of Musk’s wealth.
