Elon Musk’s Net Worth Drops $350 Billion In Massive SpaceX Selloff—But He’s Still A Trillionaire
The selloff followed a disclosure that SpaceX would issue at least $20 billion in senior unsecured notes, while investors also weighed dilution concerns and valuation warnings.
- On Monday, SpaceX shares plummeted more than 16% to under $155, erasing roughly $900 billion in market value and dropping Elon Musk's estimated net worth to just over $1.1 trillion.
- Investor concern intensified after the company announced last week an all-stock acquisition of AI coding startup Cursor for $60 billion, diluting SpaceX's valuation by about 3.4% and prompting Morningstar to claim the stock was "overvalued."
- The company also launched an offering of senior unsecured notes worth at least $20 billion on Monday, while MSCI awarded SpaceX a CCC rating, declaring it was "lagging its industry" regarding governance risks.
- Amid the selloff, Reflection AI signed a computing agreement with SpaceX valued at $6.3 billion, committing to pay $150 million monthly from July 1, 2026, through 2029 for access to Nvidia GB300 chips.
- Despite the decline, Tesla Inc shares rose 1.14% to $405.05 on Monday, helping stabilize Musk's position, while SpaceX now ranks seventh globally, directly behind TSMC at $2.42 trillion in market value.
15 Articles
15 Articles
Is Elon Musk still a trillionaire after SpaceX investors hit the SELL button?
Elon Musk’s fortune has taken a massive hit following a sharp selloff in SpaceX shares, with the world’s richest person losing an estimated $350 billion in net worth over the past week. Despite the staggering decline, Musk remains a trillionaire, with his fortune still estimated at just under $1.1 trillion. Wiped out all gains The selloff extended into a third consecutive day on Monday, with SpaceX shares plunging 16.4% to below $155, falling be…
Three days, three crashes: SpaceX shares lose over ten percent. While Musk is the first billionaire in history to celebrate, the UN warns against the danger of democracy. German investors are still falling on it.
SpaceX Shares Slide As Cash Questions Hit The Stock
(New York, New York) – SpaceX-linked shares came under pressure Monday, sliding after an early run that had made the company one of the most closely watched names in the market. The selloff is being driven by a familiar question for high-growth space companies: how much cash is needed to keep building rockets, satellites, launch capacity, and next-generation systems at the same time. Even a company with major government contracts and a powerful …
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