crucial quote
“(Former) trillionaire,” Musk wrote on X last week in an apparent nod to his declining fortune in recent weeks.
what to watch for
About $750 billion. That’s how much Musk’s net worth has declined since hitting a peak of $1.45 trillion on June 16. Around $116 billion of the decline is because Forbes removed Tesla options based on new vesting conditions agreed to by Musk and his automaker.
big number
About $750 billion. That’s how much Musk’s net worth has declined since hitting a peak of $1.45 trillion on June 16. Around $116 billion of the decline is because Forbes removed Tesla options based on new vesting conditions agreed to by Musk and his automaker.
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key background
Musk saw his net worth reach multiple milestones throughout 2025, culminating in his trillionaire status following SpaceX’s initial public offering last month. He first crossed the $700 billion threshold in December, just days after reaching $600 billion, and hit $800 billion in February. A now-monthlong rout in SpaceX shares comes despite optimism from analysts, including former Wedbush Securities analyst Dan Ives, who argued Musk’s rocket maker is “well-positioned to become a major hyperscaler” across connectivity, rocket launches and AI infrastructure. Other analysts have pointed to the possible value of Starship’s potential: UBS analyst Gavin Parsons wrote the latest launch was important because it was “intended to validate” capabilities required of the rocket’s launch ramp, including booster engine relight ability.
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further reading
ForbesElon Musk’s Net Worth Drops Below $800 Billion After Starship Launch AbortedBy Ty Roush