{"id":1193,"date":"2026-07-01T17:14:21","date_gmt":"2026-07-01T17:14:21","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=1193"},"modified":"2026-07-01T17:14:21","modified_gmt":"2026-07-01T17:14:21","slug":"elon-musk-loses-trillionaire-status-as-spacex-slide-cuts-net-worth-by-50-billion","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=1193","title":{"rendered":"Elon Musk Loses Trillionaire Status As SpaceX Slide Cuts Net Worth By $50 Billion"},"content":{"rendered":"<div>\n<h2>tangent<\/h2>\n<p>Mark Zuckerberg\u2019s net worth swelled $19.1 billion Wednesday to $212.6 billion as Meta shares soared more than 10%. The surge followed a <u>Bloomberg<\/u> report indicating Meta was developing plans to establish a cloud infrastructure business that would sell access to AI computing power and models as a potential competitor to Amazon, Microsoft and Google.<\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=1190\">What To Know As Student Loan Changes Take Effect Today<\/a><\/p>\n<h2>key background<\/h2>\n<p>Musk\u2019s fortune has hovered around the trillion-dollar threshold as SpaceX shares have whipsawed in their first few weeks of trading. His net worth briefly peaked at $1.45 trillion a week after the rocket maker\u2019s historic initial public offering last month, but plummeting share prices erased more than $300 billion from Musk\u2019s net worth. Musk, who has held the world\u2019s richest person title since May 2024, lost his trillionaire status last week after Forbes removed $116 billion of Musk\u2019s restricted Tesla stock from estimates of his net worth. That came after Tesla replaced Musk\u2019s 2018 CEO performance award with a new one that pays out only if Musk remains in a senior leadership role through January 2028. <\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=1188\">Everything We Know About Billionaire Taylor Swift\u2019s Wedding<\/a><\/p>\n<h2>further reading<\/h2>\n<p><span><span>Forbes<\/span><span>Musk Is A Trillionaire Again: SpaceX And Tesla Boost Net Worth By $60 Billion<\/span><small>By <span>Ty Roush<\/span><\/small><\/span><span><\/span><\/p>\n<div><\/div>\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><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A well-known analyst of Musk\u2019s Tesla offered a bullish take for the rocket maker.<\/p>\n","protected":false},"author":1,"featured_media":1192,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1193","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 - 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