Business · Markets · 7 hrs ago
Musk’s fortune falls below $1 trillion as SpaceX shares decline
Elon Musk’s estimated fortune fell below $1 trillion after SpaceX shares declined by more than 3% on Tuesday.
Forbes put his net worth at $977.2 billion.
Musk’s wealth is linked in part to the value of SpaceX shares.
He first became the world’s first trillionaire on June 12, after SpaceX went public on the Nasdaq stock exchange.
He lost that status a few days later, then crossed the $1 trillion mark again on October 5 as Tesla and SpaceX shares rose.
The latest decline shows his estimated wealth can shift with share prices.
The information given does not say what will happen next to his net worth.
Elon Musk’s net worth fell below $1 trillion after SpaceX shares declined by more than 3%.
Forbes estimated his fortune at $977.2 billion on Tuesday, October 13.
Musk first became the world’s first trillionaire on June 12 after SpaceX went public on Nasdaq.
He lost that status a few days later, then regained a fortune above $1 trillion on October 5 as Tesla and SpaceX shares rose.
- Who
- Elon Musk, an American entrepreneur.
- What
- His estimated net worth fell below $1 trillion to $977.2 billion after SpaceX shares dropped by more than 3%.
- When
- Tuesday, October 13; the article was published in 2026.
- Where
- Not stated.
- Why
- SpaceX shares declined by more than 3%.
This story does not have two clearly opposing sides.
Musk became the world’s first trillionaire after SpaceX went public on Nasdaq.
Musk lost trillionaire status.
His fortune exceeded $1 trillion again amid rising Tesla and SpaceX share prices.
His net worth was estimated at $977.2 billion after SpaceX shares dropped by more than 3%.
- Estimated net worth
- $977.2 billion
- SpaceX share decline
- More than 3%
- First trillionaire date
- June 12
- Fortune above $1 trillion again
- October 5
- Latest reported date
- October 13
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