Overview
- SpaceX’s June 12 IPO briefly pushed Elon Musk’s paper net worth above $1 trillion but a rapid post-debut correction has erased that milestone.
- SpaceX shares slid more than 30% from a mid‑June intraday high near $225 to about $156 by June 24–25, and Tesla shares fell roughly 5–6%, amplifying Musk’s paper losses.
- Major wealth trackers now place Musk below the $1 trillion mark, with Forbes reporting about $969 billion and Bloomberg and other outlets showing figures near $957 billion or lower, while he remains the world’s richest person.
- Regulatory filings revealed a $4.9 billion loss in 2025 and roughly $12.7 billion in AI-related capital expenditures at SpaceX, raising questions about near-term profitability that weighed on investor confidence.
- Investors are focused on a July lock-up expiry that will let early shareholders sell, a move that could increase supply, pressure the stock price further, and affect funds and individual investors holding SpaceX shares.