Elon Musk loses trillionaire status as SpaceX shares slide

Elon Musk has lost his position as the world’s first trillionaire after a sharp decline in the value of SpaceX and Tesla shares pushed his estimated fortune back below the $1 trillion mark.

His wealth is primarily derived from his ownership stakes in Tesla and SpaceX.His net worth fluctuates frequently due to the volatility of tech stocks and global market changes.

Elon Musk’s estimated net worth in June 24, 2026 is approximately $939 billion according to Forbes Real Time Billionaires, and roughly $957 billion according to the Bloomberg Billionaires Index.

According to Forbes’ billionaire rankings, Musk briefly crossed the historic threshold earlier in June after SpaceX’s public market debut sent the company’s valuation soaring and lifted his net worth to an estimated $1.1 trillion

However rally reversed quickly as SpaceX shares declined from their post-listing highs. The fall in the rocket company’s valuation, combined with weakness in Tesla stock, reduced Musk’s wealth to about $956.5 billion, according to billionaire trackers cited by financial reports.

The drop marks a turnaround for Musk, who only days earlier became the first individual in history to enter the trillionaire club.

Forbes credited the milestone largely to SpaceX’s market surge, with Musk’s stake in the company becoming the biggest driver of his fortune.

SpaceX’s shares faced pressure following concerns around the company’s valuation, heavy capital requirements, and a major bond sale.

Reports said the company moved to raise billions through debt financing, adding to investor scrutiny over its spending and future growth expectations.

Tesla’s performance also contributed to the decline. The electric vehicle maker’s shares fell amid a broader technology stock sell-off, adding pressure to Musk’s wealth, which is heavily tied to his ownership stakes in his companies.

Despite losing trillionaire status, Musk remains the world’s richest person by a wide margin. His fortune still exceeds that of other leading billionaires, including technology executives such as Alphabet co-founder Larry Page.

Musk’s story highlights how quickly billionaire rankings can shift when fortunes are linked to publicly traded or newly listed companies, where market sentiment can erase hundreds of billions of dollars in paper wealth within days.