Elon Musk loses trillionaire status as SpaceX and Tesla stock drops
Elon Musk lost his trillionaire status on Wednesday as plunging shares in Tesla and SpaceX reduced his net worth to $970.2 billion. Musk became the world's first trillionaire after SpaceX's IPO earlier this year, which raised $75 billion. He remains the richest person globally, outpacing Google co-founder Larry Page by over $600 billion.
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Summary by OZbrief Editorial · The Guardian Australia · Source
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Published 24 Jun 2026, 20:02 UTC · Updated 24 Jun 2026, 20:20 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia. Editorial policy · Corrections
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