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Elon Musk's net worth drops below $1 trillion after Tesla and SpaceX stock decline

By

Sanya Mansoor

2h ago· 2 min readenNews

Summary

Elon Musk lost his trillionaire status as Tesla and SpaceX shares plunged during a global stock selloff. His net worth dropped to $970.2 billion, according to Forbes, just weeks after SpaceX's historic IPO made him the world's first trillionaire on June 12.

Source

bskyElon Musk's net worth drops below $1 trillion after Tesla and SpaceX stock declinetheguardian.com

Key quotes

· 3 pulled
Elon Musk was no longer a trillionaire by the time markets closed on Wednesday.
Plunging shares in Tesla and SpaceX dragged the tech magnate down to billionaire status.
Musk reached trillionaire status on 12 June after SpaceX's historic initial public offering.
Snippet from the RSS feed
Falling shares push tech mogul back down to billionaire ranks after SpaceX IPO made him world’s first trillionaire

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