Elon Musk's net worth fell below $700 billion as SpaceX shares experienced a significant decline following its public debut.
Elon Musk saw his personal wealth drop below the $700 billion threshold for the first time since December as SpaceX shares experienced a significant decline. Following the company's public stock debut last month, the tech titan's fortune has steadily eroded from a peak of $1.45 trillion in June. The stock has plunged 50% from its all-time high, with shares trading near $109.50. Market analysts are closely watching SpaceX's long-term prospects, which are tied to the success of its Starship rocket and artificial intelligence business. While the company reported $18.7 billion in revenue in 2025, it still lost nearly $5 billion last year. Investors are preparing for the company's first earnings report as a public entity on August 4, which may trigger a mass stock sell-off as a large portion of insider shares are released for trading. Despite the market's caution, some analysts remain optimistic about the Musk-led firm's ability to become a major hyperscaler in connectivity and AI infrastructure.