Markets #elon musk#net worth
Elon Musk loses trillionaire status as SpaceX shares plunge 30% in tech rout
Elon Musk's net worth fell to $957 billion, losing his trillionaire status after a sharp sell-off in Tesla and SpaceX shares. SpaceX stock dropped over 30% from its intraday peak amid a broader technology rout driven by AI bubble concerns and higher interest rate expectations. The Nasdaq Composite declined 2.2% and the semiconductor index slid 7.9%.
Jul 8, 2026 2 sources