Drop in SpaceX shares pulls Elon Musk’s wealth below $700 billion
A sharp decline in SpaceX shares has led to a loss of approximately $750 billion in Elon Musk’s net worth over the past month and a half.
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The recent drop in SpaceX shares has caused a new decline in Elon Musk’s wealth. After company shares lost approximately 4.8 percent of their value on July 27, falling to $109.50, Musk’s net worth decreased by $29.5 billion, dropping to $695.7 billion.
Thus, for the first time since December 2025, Musk’s wealth finished a trading day below $700 billion. Despite this, Musk, who holds 4.8 billion shares and 350 million share options in SpaceX, maintained his position as the world’s richest person.
According to the Forbes Real-Time Billionaires List, Musk’s wealth rose to the $715 billion level as of Tuesday, July 28, as SpaceX shares recovered some of their losses. Musk is followed on the list by Google co-founders Larry Page and Sergey Brin; Page’s wealth is calculated at $268.8 billion, while Brin’s wealth is calculated at $248 billion.
RAPID DECLINE FROM PEAK WEALTH
Musk’s wealth had reached a peak of $1.45 trillion on June 16. The total decline since that date is calculated at approximately $750 billion. It is noted that $116 billion of this drop stems from Forbes removing Tesla share options from its calculations due to new vesting conditions agreed upon between Musk and Tesla.
SpaceX shares have lost approximately 50 percent of their value since reaching an all-time high on June 16. The decline continued despite the company’s successful test launch of the Starship rocket on July 24.
While analysts point to the long-term potential of the Starship program, they are of the opinion that volatility may continue in the short term. JPMorgan analyst Seth Seifman stated that there would be “a lot to analyze” following the latest Starship launch, expressing that he expects both progress and setbacks in the launches planned through 2027.
Markets are now watching to see if SpaceX shares will fall below $100. Morgan Stanley analysts assessed that falling below this level could mean that investors are not valuing the company’s artificial intelligence activities.
Musk, for his part, alluded to the decline in his wealth on his X account last week, describing himself with the words “Former trillionaire.”