{"id":12592,"date":"2026-08-01T15:38:55","date_gmt":"2026-08-01T15:38:55","guid":{"rendered":"https:\/\/stock999.top\/?p=12592"},"modified":"2026-08-01T15:38:55","modified_gmt":"2026-08-01T15:38:55","slug":"elon-musks-fortune-slumps-to-pre-spacex-ipo-levels-after-rout","status":"publish","type":"post","link":"https:\/\/stock999.top\/?p=12592","title":{"rendered":"Elon Musk\u2019s fortune slumps to pre-SpaceX IPO levels after rout"},"content":{"rendered":"

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SpaceX pulled off a successful\u00a0launch\u00a0last Friday evening at its Starbase facility in South Texas, sending its Starship rocket into orbit. It hasn\u2019t stopped Elon Musk\u2019s fortune from falling back to Earth.\u00a0<\/p>\n

The world\u2019s first trillionaire is now poorer than he was before SpaceX\u2019s initial public offering priced last month, according to the Bloomberg Billionaires Index.<\/p>\n

Musk\u2019s wealth, which peaked at about $1.33 trillion on June 16, now stands at $684 billion. The $600 billion-plus decline in just over a month exceeds the net worth of any other person who has ever been on Bloomberg\u2019s list of the world\u2019s 500 richest people, other than Musk himself.<\/p>\n

Shares of Space Exploration Technologies Corp., as the company is formally known, hit a closing high of $201.80 on June 16, but have since tumbled 46% to a record low of $108.37. Next month as many as 911.5 million shares belonging to insiders and early backers will be\u00a0unlocked, potentially putting more downward pressure on the price.\u00a0<\/p>\n

Short interest in the company\u00a0rose\u00a0to 219.3 million shares as of July 29, according to S3 Partners, up from 23.3 million on June 16. That\u2019s more than one-third of those available for public trading. Next week SpaceX reports its quarterly earnings for the first time as a public company. \u00a0\u00a0<\/p>\n

Another recent catalyst for the drop in Musk\u2019s wealth comes from Tesla Inc. \u00a0<\/p>\n

Shares of the electric carmaker have fallen 17% since it released second-quarter results on July 22. The company\u00a0reported\u00a0$5.8 billion of capital expenditures, with Musk calling it \u201ca massive capex year.\u201d Tesla recorded its first cash negative quarter in two years, overshadowing higher revenues on better-than-expected car deliveries. \u00a0<\/p>\n

Read More:\u00a0Tesla Plunges Most in a Year on Investor Angst Over AI Spending<\/p>\n

Tesla plans to introduce a host of new products in the near future, including Optimus humanoid robots, autonomous Cybercabs and AI initiatives. It said it expected to spend more than $25 billion this year on capital expenditures. \u00a0<\/p>\n

Shares in the Austin-based carmaker are down 36% from a December high. Musk owns Tesla stock worth $129 billion, according to Bloomberg\u2019s wealth index, while his SpaceX position is worth more than $550 billion.\u00a0<\/p>\n

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#Elon #Musks #fortune #slumps #preSpaceX #IPO #levels #rout<\/p>\n","protected":false},"excerpt":{"rendered":"

SpaceX pulled off a successful\u00a0launch\u00a0last Friday evening at its Starbase facility in South Texas, sending…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[245],"tags":[2283,133,1042,5468,3631,18493,12891,5465,81],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/12592"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12592"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/12592\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}