Elon Musk loses 'trillionaire' status as SpaceX, Tesla shares fall

techJun 24, 2026481,358

Elon Musk lost his 'trillionaire' status after shares of SpaceX and Tesla fell following SpaceX's IPO, with Forbes listing his net worth at $970.2 billion at Wednesday's market close. SpaceX's record-breaking IPO had briefly vaulted Musk above one trillion dollars, but a sharp sell off erased more than $150 billion from his fortune in a single day and Tesla's declines compounded the drop. The reversal matters because swings in publicly traded equity directly reshape Musk's paper wealth, investor confidence in his companies, and the financial leverage that underpins his control over major technology ventures.

Aaron Parnas

@aaronparnas.bsky.social

NEWS: Republicans erupt in the Senate and scream at Trump—they refused to call him Mr. President as he causes them issues. Trump pushes to institutionalize disabled Americans. Elon Musk loses trillionaire status. DOJ quietly allows Blanche to take full control over prison placements.

41845d ago

Julia Dilliard💙🐴🇺🇦#Resist. DM's are blocked.7

The disabled were the first victims of Hitler's nazi regime. Ironic that trump is disabled by his dementia and malignant narcissism.

jacksmom7.bsky.social6

If only there was a way for congress to stop trump.

Arlene1977 🌊😎 🚫DM6

It's a rough day. Trump isn't called Mr. President and Muskrat is no longer a trillionaire. 🎻 😂

Ronn Waters2

They were fine when he was ruining other’s lives.

bud (...)2

How far America has fallen

wolfen512.bsky.social2

News Rank Good Rep v DJT/MAGA civil war Okay Musk demoted to billionaire Bad --- Fkn Bad Trump confirming he's a PoS DoJ kissing Blanche's ass

healinghands65.bsky.social2

BURN THE MOTHERFUCKING MAGA SHIT STAINS TO THE GROUND

John Shea 🍀2

We need to see and hear more of this.

Lady Di 🌻2

doesn't it cost a ton of money to institutionalize people...

California Dreamin’… 😎

@jerasikehorn.bsky.social

BREAKING: Elon Musk has lost more than $400B in a week and is no longer a trillionaire… Enjoy. 😎✨

12845d ago

Schooley

@schooley.bsky.social

Honestly, I think electing a few socialists is probably the least disruptive reaction to Elon Musk wants all the money.

11644d ago

newandabitalarming.bsky.social5

Every once in a while, I consider that all this nightmarish shit is reality and the one that escapes me most, is being that fucking rich and still insisting people suffer. Unimaginable that this person helps nobody.

Steve T PhD, ensconsed2

It is pretty frustrating when you purchase a government and then people you didn't buy get elected to it.

Techdirt

@techdirt.com

Elon Musk Threatens To Sue Rep. Khanna For… Citing The Lancet About How DOGE Cuts Will Likely Lead To Millions Of Deaths We've been pointing… https://www.techdirt.com/2026/06/24/elon-musk-threatens-to-sue-rep-khanna-for-citing-the-lancet-about-how-doge-cuts-will-likely-lead-to-millions-of-deaths/

6945d ago

Vern Veitch 1952 AU7

He can't handle the truth.

like_a_bosstonian4

The “facts don’t care about your feelings” crowd certainly hates confronting the facts around their own actions

smurfsup | hi, .w=en r we mee&ting to do iLlegiL stuff , . ?3

LFG! Discovery would be best possible thing for history, accountability, putting anything right again Asking a lot of Khanna, but, fuckit, regular Americans are putting themselves through that and it’ll be a minor inconvenience — relatively speaking —for him to pick up this sword and join the fight

steadysue.bsky.social2

Discovery is going to be a such fun!

Angry Donkey News - REVO7 Core Ecosystem

@angrydonkeynews.bsky.social

It was never real anyway...the second he sells the stock collapses Elon Musk loses his trillionaire status as SpaceX stock comes back to Earth www.yahoo.com/finance/mark...

5845d ago

Relevant Ferret If Known

@rewhan.bsky.social

So apparently SpaceX stock fell so much Elon's not a trillionaire-on-paper anymore. Love that for him. ☕

6445d ago

Relevant Ferret If Known8

God I wanna be elected to office so badly, just so I can have the chance to ask him "So what was it like, being a trillionaire for all of a week, right before everything completely fell apart for you?"

🔞Mx Wred's haunted brain🔞4

Surprising only Elon and investors

Alex Ip 葉清霖

@alexip718.com

Because Elon Musk is a trillionaire and Popehat is not, the former gets to own one of the largest social media platforms and use it to spread eugenicist messages and CSAM, while the latter got banned from Bluesky for musing about what it would take to stop Elon from inciting another pogrom

3945d ago

jourdain searles

@judysquirrels.bsky.social

we made elon musk a trillionaire. our government did that. the system is just as responsible as he is. we shouldn’t have to hope the wealthy do the right thing. they shouldn’t have that much money to begin with. it’s not actually theirs. it’s just hoarding.

5045d ago

David Blanchflower BSc

@davidbflower.bsky.social

Elon Musk loses trillionaire status as global tech rout hits SpaceX. Shocked in a not shocked kind of way. www.bbc.co.uk/news/article...

3345d ago

Indie Aut. Stuart Miller (ASM) 📖✍️🤓 Currently writing book #3

@authorstuartmiller.bsky.social

Posted 6 days ago by... "breakingpoint.360: A massive public backlash is brewing across the country. In a stunning new poll that has sent shockwaves through the political establishment, 54% of Americans now say they want tech billionaire Elon Musk sent to PRISON for his actions surrounding..."

Shock Poll: 54% of Americans want elon musk in prison over controversial DOGE

2545d ago

Anjali Dayal

@anjalikdayal.bsky.social

or these little babies, whose rights to grow and flourish and dream of bikes are gone because Elon Musk thinks people who need some help don't deserve to live if he can't see them on a zoom call bsky.app/profile/ldob...

3645d ago

🍁🇨🇦Team Canada Forever🇨🇦🍁

@teamcanadaforever.bsky.social

Elon Musk loses his trillionaire status as SpaceX stock comes back to Earth. www.forbes.com/sites/mattdu... This looks like an ugly Cybertruck picture. 😂

2245d ago

Kat Tenbarge

@kattenbarge.bsky.social

At the end of the day, Elon Musk literally wields X as his own personal propaganda machine. We KNOW he prioritizes specific accounts and artificially inflates their reach for his own political/personal gain. Posting on there does unfortunately help him in that mission

2944d ago

Jesse Singal Vapes Piss

@mumbly-joe.bsky.social

"Wants to do for nuclear energy what Elon Musk's SpaceX has done for space travel" is also a pretty fucking alarming phrase no matter the qualifications honestly

2245d ago

TheBossRoss 🧶

@thebossross.bsky.social

Musk has lost his trillionaire status after SpaceX shares plummeted. He probably feels this loss more strongly than the joy about reaching his goal. Imagine living a life where nothing is ever enough. [written on a summer's evening, cradling a cool water, listening to the birds saying goodnight]

2345d ago

1 source

theguardian.comElon Musk loses trillionaire status as SpaceX and Tesla stock drops

Elon Musk loses 'trillionaire' status as SpaceX, Tesla shares falltech Slate Auto reveals $24,950 electric pickup, preorder page livetech

Elon Musk loses 'trillionaire' status as SpaceX, Tesla shares fall

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