Trillionaire No More. SpaceX Collapse Loses Elon Musk $600 Billion in One Month
Shares have fallen more than 40% from their peak as investors weigh Starlink growth, Starship plans and up to 1 billion potential new shares.
- SpaceX shares, which debuted at $135 in June, now trade around $113, marking a 16% decline below the original offering price.
- Enthusiasm pushed the stock to a peak above $225 on June 16, but the price has since fallen more than 40% from that high as investors reassess the valuation.
- Operational setbacks, including the aborted Starship Flight 13, have added pressure alongside the $60 billion acquisition of Cursor from Anysphere, complicating the August 4 earnings report.
- On August 6, 911.5 million shares become eligible for sale, the second trading day after earnings, potentially increasing selling pressure and testing market demand.
- Further restrictions lift through December 8, potentially increasing the tradable portion to 40%, while Bloomberg estimated Elon Musk's fortune at approximately $718.8 billion as of Friday, down roughly $600 billion in about a month.
18 Articles
18 Articles
SpaceX has lost more than $1.2 trillion in market capitalization since its peak price of $225.64 reached in June, almost exactly the value of Elon Musk’s other company, Tesla, whose shares have just fallen to a minimum of almost a year. On Monday, SpaceX fell by the thirteenth session of the last 16, losing more than 1% to close at $113.50, reported CNBC. While some flow of options are balancing between bullists and bassists, SpaceX’s larger ind…
The Trillion-Dollar Illusion – The American Spectator | USA News and Politics
Elon Musk has created — and lost — more paper wealth than anyone in history, with most of that loss occurring in just four weeks. His net worth dropped by an amount nearly equal to the combined fortunes of Jeff Bezos and Mark Zuckerberg. Though Musk remains the world’s richest person, these wild paper swings expose fundamental truths about risk, entrepreneurship, and how we measure value. The SpaceX IPO shattered records as the largest of all ti…
Trillionaire No More. SpaceX Collapse Loses Elon Musk $600 Billion in One Month
SpaceX's blockbuster IPO compressed years of post-debut volatility into a single month, and the fallout carries a warning for investors eyeing the next wave of highly anticipated tech offerings.
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