According to Forbes magazine,Elon Musk's fortune shrank by approximately $29.5 billion in a single day and is currently estimated at $695.7 billion. Despite the significant drop, he remains the wealthiest individual globally.
SpaceX stock has lost nearly 50% of its value since reaching a record peak in June, even following a successful Starship spacecraft test flight over the weekend. Commenting on the sharp decline in his personal wealth, Musk posted to his social platform X, writing simply: "Ex-trillionaire".
Valuation Decline and Market Evaluation
Since reaching a peak valuation of approximately $1.45 trillion in June, Musk's net worth has contracted by roughly $750 billion.
Financial analysts note that institutional investors continue to evaluate SpaceX's long-term operational growth potential across the commercial space, satellite connectivity, and artificial intelligence sectors.
