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.
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Key quotes
· 3 pulledElon 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.
Falling shares push tech mogul back down to billionaire ranks after SpaceX IPO made him world’s first trillionaire
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