{"id":1480,"date":"2026-07-13T21:45:26","date_gmt":"2026-07-13T21:45:26","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=1480"},"modified":"2026-07-13T21:45:26","modified_gmt":"2026-07-13T21:45:26","slug":"elon-musks-fortune-falls-below-900-billion-as-spacex-slide-worsens","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=1480","title":{"rendered":"Elon Musk\u2019s Fortune Falls Below $900 Billion As SpaceX Slide Worsens"},"content":{"rendered":"
\n

big number<\/h2>\n

$1.45 trillion. That\u2019s the peak of Musk\u2019s net worth, achieved on June 16 as SpaceX shares hit an all-time high, above $225. Since then, the stock has plunged more than 38%.<\/p>\n

Read more Northern Lights Update: 9 States Could See The Aurora Borealis Tonight<\/a><\/p>\n

surprising fact<\/h2>\n

Even as SpaceX shares stumble, Wall Street is largely bullish on the stock: Raymond James set an $800 price target, implying a market valuation well above $10 trillion. Brokers on average expect SpaceX shares to be worth $236, according to FactSet data, with targets of $401 from Arete Research, $300 from Morgan Stanley and $205 from Goldman Sachs. Raymond James analyst Brian Gesuale argued his firm\u2019s position on SpaceX came as Musk\u2019s rocket maker was \u201cbuilding the foundational platform for the next generation of industrial capacity.\u201d <\/p>\n

Read more Lindsey Graham\u2019s Sister Appointed To Finish His Term<\/a><\/p>\n

key background<\/h2>\n

SpaceX\u2019s stock has been volatile since a record-setting debut last month. Shares of SpaceX peaked at an all-time high just a day after its IPO, after which the stock has declined in 11 of 17 total trading sessions. Longtime Tesla bull Dan Ives wrote in a note for Wedbush Securities that SpaceX was \u201cone of the most differentiated assets within the tech market.\u201d Ives also argued Musk\u2019s rocket maker was \u201cwell-positioned to become a major hyperscaler\u201d across connectivity, rocket launches and AI infrastructure.<\/p>\n

Read more Oracle\u2019s Nearly 50% Crash Since June 1 Plunges Larry Ellison From No. 2 To No. 8 In Billionaire Ranks<\/a><\/p>\n

further reading<\/h2>\n

Forbes<\/span>Elon Musk\u2019s Net Worth Drops $50 Billion In Latest SpaceX Selloff<\/span>By Ty Roush<\/span><\/small><\/span><\/span><\/p>\n

<\/div>\n

Forbes<\/span>Elon Musk\u2019s Net Worth Drops $50 Billion In Latest SpaceX Selloff<\/span>By Ty Roush<\/span><\/small><\/span><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"

Wall Street remains overwhelmingly bullish on Musk\u2019s rocket maker, despite its stock pulling back sharply.<\/p>\n","protected":false},"author":1,"featured_media":1479,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nElon Musk\u2019s Fortune Falls Below $900 Billion As SpaceX Slide Worsens - 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=1480\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elon Musk\u2019s Fortune Falls Below $900 Billion As SpaceX Slide Worsens - Coast to Coast Movers\" \/>\n<meta property=\"og:description\" content=\"Wall Street remains overwhelmingly bullish on Musk\u2019s rocket maker, despite its stock pulling back sharply.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coasttocoastmoverss.com\/?p=1480\" \/>\n<meta property=\"og:site_name\" content=\"Coast to Coast Movers\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-13T21:45:26+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=1480#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=1480\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/#\\\/schema\\\/person\\\/266a8d2ebdac9f8b4354d52dead7fa6b\"},\"headline\":\"Elon Musk\u2019s Fortune Falls Below $900 Billion As SpaceX Slide Worsens\",\"datePublished\":\"2026-07-13T21:45:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=1480\"},\"wordCount\":284,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=1480#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/53678768736dfc9f3504c3ad5166904e.webp\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=1480#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=1480\",\"url\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=1480\",\"name\":\"Elon Musk\u2019s Fortune Falls Below $900 Billion As SpaceX Slide Worsens - 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