Elon Musk’s Wealth Falls Below $700 Billion as SpaceX Sell-Off Deepens
Elon Musk’s net worth has dropped below $700 billion for the first time since December 2025 after another sharp decline in SpaceX shares extended the company’s recent market rout.
The latest slide wiped nearly $30 billion from Musk’s fortune, moving him further away from the trillionaire status he briefly achieved following SpaceX’s blockbuster initial public offering.
SpaceX Shares Continue to Slide
SpaceX shares fell 4.8% to approximately $109.50 during Monday trading, extending the stock’s decline to about 50% since reaching an all-time high on 16 June.
The sustained sell-off has significantly eroded investor enthusiasm that followed the company’s record-breaking IPO, with shares now trading well below their peak.
Musk Loses Nearly $30 Billion in a Day
The latest decline in SpaceX’s share price reduced Musk’s estimated net worth by $29.5 billion, leaving him with a fortune of approximately $695.7 billion.
Despite the losses, Musk remains the world’s richest person, comfortably ahead of Larry Page, whose fortune stands at $268.5 billion, and Sergey Brin, worth an estimated $247.1 billion.
Monday also marked the first time Musk ended a trading session below the $700 billion mark since 18 December 2025, when his wealth was estimated at $680.6 billion.
Starship Success Fails to Lift Investor Sentiment
The continued decline comes despite SpaceX successfully completing a Starship test launch on Friday.
However, investors appeared to remain cautious about the company’s near-term outlook.
Earlier in the week, JPMorgan analyst Seth Seifman said there would be:
“Plenty to analyze”
from the latest Starship mission.
He added that the company should expect:
“Progress and setbacks”
through dozens of additional launches planned between now and 2027.
Investor concerns had already intensified after an aborted Starship launch on 16 July, which sent SpaceX shares lower and erased more than $45 billion from Musk’s personal fortune, pushing his wealth below $800 billion.
Musk Reacts to His Falling Fortune
Musk appeared to acknowledge his dramatic decline in wealth with a brief post on X last week, describing himself as:
“(Former) trillionaire.”
Analysts Watching the $100 Share Price Level
Investors are now closely monitoring whether SpaceX shares could fall below $100.
Analysts at Morgan Stanley warned that such a valuation would suggest the market assigns virtually no value to the company’s artificial intelligence business.
The investment bank noted that some investors may already be assigning:
“Zero or negative value”
to the AI operation as SpaceX ramps up spending on space exploration, satellite connectivity and AI infrastructure while facing:
“Largely uncertain economics.”
Musk Has Lost About $750 Billion Since June Peak
Since reaching a record fortune of approximately $1.45 trillion on 16 June, Musk has seen his wealth decline by around $750 billion.
Part of that reduction – roughly $116 billion – resulted from revised calculations involving Tesla stock options following new vesting conditions agreed between Musk and the electric vehicle manufacturer.
A Remarkable Rise Followed by a Sharp Correction
Musk’s wealth surged throughout 2025, reaching several milestones before he became the world’s first trillionaire following SpaceX’s public listing.
He first crossed the $700 billion mark in December 2025, shortly after surpassing $600 billion, before exceeding $800 billion in February.
Although SpaceX shares have been under pressure for more than a month, several analysts remain optimistic about the company’s long-term prospects.
Former Wedbush Securities analyst Dan Ives has argued that SpaceX is:
“Well-positioned to become a major hyperscaler”
across satellite connectivity, rocket launches and AI infrastructure.
Meanwhile, UBS analyst Gavin Parsons said the latest Starship mission was significant because it was:
“Intended to validate”
key launch capabilities, including the rocket booster’s engine relight system, which will be critical for future missions.
