Overview
- SpaceX priced its IPO at $135 and began trading near $150 on June 12, rallied to about $225 on June 16, then slid more than 30 percent in the days that followed, leaving Bloomberg’s index to value Musk at roughly $956–957 billion.
- Estimates of Musk’s paper losses vary across reports because they use different peaks and timing, with published figures ranging from about $100 billion to roughly $360 billion.
- Market sellers blamed a wider technology downturn that intensified after weak guidance from Accenture and renewed investor doubts about the long‑term profitability of AI projects.
- Musk’s fortune is heavily tied to SpaceX and Tesla, with SpaceX alone accounting for the bulk of his net worth, and recent disclosures — including 2025 losses, high capital spending, and talk of a bond sale — have deepened investor caution.
- The losses are largely unrealized on paper and could reverse or deepen with upcoming events such as lockup expirations, any bond issuance, and quarterly results, yet Musk remains the world’s richest person by a wide margin.