{"id":1123,"date":"2026-06-29T20:16:29","date_gmt":"2026-06-29T20:16:29","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=1123"},"modified":"2026-06-29T20:16:29","modified_gmt":"2026-06-29T20:16:29","slug":"musk-is-a-trillionaire-again-spacex-and-tesla-boost-net-worth-by-60-billion","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=1123","title":{"rendered":"Musk Is A Trillionaire Again: SpaceX And Tesla Boost Net Worth By $60 Billion"},"content":{"rendered":"<div>\n<h2>Why did Musk lose his trillionaire status?<\/h2>\n<p>Forbes last week <u>removed<\/u> $116 billion of restricted Tesla stock\u2014accounting for a roughly 8% stake in the company\u2014from estimates of Musk\u2019s net worth after he gave up $7.1 billion in shares to cover the exercise price on all stock options he received as part of his 2018 CEO performance award. Those options were voided by a Delaware judge in 2024 and restored by the Delaware Supreme Court in 2025, and after the latter ruling, Tesla replaced the stock award with a new one that only pays off if he stays in a senior leadership role through January 2028. His net worth also declined as SpaceX shares erased their 41% post-IPO surge.<\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=1121\">Trump\u2019s Hyped July 4 In DC Faces 100-Degree \u2018Extreme\u2019 Heat<\/a><\/p>\n<h2>key background<\/h2>\n<p>Musk\u2014who has ranked the world\u2019s richest person since May 2024\u2014became the world\u2019s first trillionaire after SpaceX\u2019s record-setting IPO earlier this month boosted his net worth to $1.1 trillion. It became Musk\u2019s latest wealth milestone, after in December 2024 he became the first person to be worth $400 billion, and later became the first to reach the $500 billion, $600 billion, $700 billion, $800 billion and $900 billion thresholds through early 2026. <\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=1119\">Larry Ellison\u2019s Net Worth Plunges $100 Billion Amid Oracle Slide\u2014Falling Below Zuckerberg As World\u2019s Seventh Richest<\/a><\/p>\n<h2>tangent<\/h2>\n<p>Tesla shareholders approved a compensation package for Musk in November that, on its own, could be worth close to $1 trillion, should the company achieve several goals over the next decade. <\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=1117\">A Testy Musk Attacks Claims DOGE\u2019s Cuts Killed Children. But Studies Paint Grim Picture.<\/a><\/p>\n<h2>further reading<\/h2>\n<p><span><span>Forbes<\/span><span>Elon Musk Is No Longer A Trillionaire<\/span><small>By <span>Matt Durot<\/span><\/small><\/span><span><\/span><\/p>\n<div><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The rocket maker\u2019s trading debut quickly swelled the world\u2019s richest person\u2019s fortune.<\/p>\n","protected":false},"author":1,"featured_media":1122,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1123","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Musk Is A Trillionaire Again: SpaceX And Tesla Boost Net Worth By $60 Billion - Coast to Coast Movers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coasttocoastmoverss.com\/?p=1123\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Musk Is A Trillionaire Again: SpaceX And Tesla Boost Net Worth By $60 Billion - 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