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Elon Musk's net worth falls below $700 billion as SpaceX shares experience a significant post-IPO decline.

Elon Musk's net worth dropped by more than $20 billion on Monday, falling below the $700 billion threshold for the first time since December 2025. The decline was driven by a 4.8% drop in SpaceX shares, which have lost over $1.2 trillion in market value since reaching an all-time high in June. While the stock has faced a significant rout, some investors remain optimistic. Cathie Wood of ARK Investment Management remains bullish on the company's Starship rocket, calling the latest splashdown a potential game-changer. Conversely, analysts at Morgan Stanley expressed caution, noting that the SpaceX AI business might face scrutiny if the stock falls below $100. The company is set to release its first public earnings report on August 4. This report will precede a potential release of up to 911.5 million locked-up shares on August 6, which may create additional selling pressure for investors.

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