Musk Briefly Exits Trillionaire Club as SpaceX Shares Shed $600 Billion in Three Sessions

NEW YORK — Elon Musk, the world’s wealthiest individual and history’s first trillionaire, has lost that distinction just days after achieving it, as a brutal selloff in SpaceX shares wiped out more than $118 billion of his net worth in a matter of hours, according to the Bloomberg Billionaires Index.
SpaceX shares plummeted below the $150 mark — the same price at which the stock debuted on its IPO day — over three consecutive trading sessions, erasing more than $600 billion from the company’s market capitalization. The selloff was triggered in part by Musk’s own admission that the company’s ambitious plan to deploy AI-powered data centers in space would require massive capital expenditure. SpaceX has also announced that proceeds from an upcoming bond offering will partly fund AI infrastructure development, further unnerving investors already wary of ballooning costs.
Tesla compounded the damage, with shares falling nearly 5 percent after U.S. safety regulators opened a fresh investigation into a fatal accident in Texas, where a Tesla Model 3 operating on its advanced driver-assistance system struck a home, killing a 76-year-old woman.
Bloomberg now pegs Musk’s net worth at approximately $957 billion, while Forbes continues to value him at around $1.1 trillion. The discrepancy reflects differing methodologies for valuing his roughly 38 percent stake in SpaceX — his single largest asset, worth an estimated $744 billion and comprising nearly 80 percent of his total wealth. His Tesla holdings are separately valued at approximately $158 billion.
The scale of the loss drew immediate attention on social media. Economist Peter Schiff wrote on X: “SpaceX dropped 16.5%. On paper, Elon Musk lost about $150 billion, more than Warren Buffett’s entire net worth. Yet he’s still the world’s only trillionaire.”
Despite the staggering losses, Musk remains comfortably atop the global wealth rankings. The world’s second-richest person, Larry Page, holds an estimated $297 billion — less than a third of Musk’s current fortune, even after the decline.