Elon Musk’s Brief Reign as World’s First Trillionaire Ends After SpaceX Stock Sell-Off
Less than two weeks after the historic SpaceX public offering made him the world's first trillionaire, Elon Musk's net worth has fallen back into the hundreds of billions amid significant volatility in the newly traded stock.
Elon Musk’s tenure as the world’s first and only trillionaire has proven to be short-lived. Following a sharp sell-off in the shares of his newly public company, SpaceX, his net worth has dropped below the historic 13-figure threshold. As of June 24, 2026, estimates from the Bloomberg Billionaires Index placed his fortune at approximately $957 billion. [10] Forbes’ real-time tracker listed his wealth at $951.8 billion on June 25. [2]
A Historic, Fleeting Milestone
Musk officially became the first person in history with a net worth exceeding $1 trillion on June 12, 2026. [22, 24, 27] The milestone was achieved following the landmark Initial Public Offering (IPO) of his aerospace company, SpaceX. The company priced its shares at $135, entering the public market with a valuation of nearly $1.8 trillion in what became the largest IPO in history. [11, 19]
Intense investor enthusiasm in the days after the debut pushed SpaceX’s market capitalization above $2 trillion, with some reports noting a peak near $3 trillion. [10, 20] This surge caused Musk’s personal fortune, which is primarily derived from his large ownership stakes in SpaceX and Tesla, to swell to a peak estimated between $1.1 trillion and $1.4 trillion. [9, 10, 24]
Volatility and Valuation
However, the initial euphoria faded as SpaceX shares experienced a significant correction. In the week following its peak, the company’s market value declined by hundreds of billions of dollars, directly impacting Musk’s net worth. [10, 20, 23] The decline illustrates the immense volatility of a fortune tied so closely to public market sentiment.
The high valuation of SpaceX at its IPO was driven by investor optimism in its diverse revenue streams, including its dominant launch services and the rapidly expanding Starlink satellite internet division. [11] Musk’s other major holding, the electric vehicle manufacturer Tesla, has also experienced stock price volatility throughout 2026. [5, 26] Despite the significant drop from his peak wealth, Musk remains the world’s richest person by a substantial margin. [10]
Sources
- Elon Musk is no longer a trillionaire as fortune drops after SpaceX sell-off
- Forbes Real Time Billionaires List
- SpaceX IPO: Valuation, Timeline and Investment Options
- Forbes Declares Elon Musk As The World’s First Trillionaire
- Musk’s Net Worth Plummets $350 Billion As SpaceX Falls 30% From High
- Elon Musk just became world’s first trillionaire: What does it mean in real terms
- The First Trillionaire and the Most Unequal Wealth Gap in Human History
- Wealth of Elon Musk – Wikipedia
- Elon Musk hits $1.4 trillion net worth, $2 trillion in sight
Educational and informational content. Not financial, investment, tax or legal advice, nor a recommendation to buy or sell any asset.
