Elon Musk loses trillionaire status as SpaceX share price falls

techJul 3, 202625408

Elon Musk lost his trillionaire status Wednesday after SpaceX shares fell 6.2 percent and cut his net worth by $59 billion to $994.1 billion, Forbes reports. Musk holds 4.8 billion SpaceX shares and 350 million stock options with an $8.40 exercise price, and the decline reversed a nearly 12 percent gain across the prior three trading sessions. Musk’s net worth briefly peaked at $1.45 trillion a week after SpaceX’s IPO, a rally that has since erased more than $300 billion of his wealth. Wedbush Securities analyst Dan Ives began coverage of SpaceX, calling it “one of the most differentiated assets within the tech market” and setting a $190 price target. Forbes notes Forbes removed $116 billion of Musk’s restricted Tesla stock last week after Tesla replaced Musk’s 2018 CEO performance award with a new award that vests only if he remains in a senior leadership role through January 2028. Mark Zuckerberg’s net worth rose $19.1 billion to $212.6 billion as Meta shares jumped more than 10 percent following a Bloomberg report about Meta building cloud AI infrastructure.

Dare Obasanjo

@carnage4life.bsky.social

The Elon Musk business turducken continues to grow. He’s hid the failing Twitter/X business in xAI, bundled the unprofitable xAI into SpaceX and now it looks like the next step is to shove SpaceX and Tesla together into a super meme stock. Really annoyed my 401(K) will have this nonsense in it.

103Yesterday

nathanrmcgrew.bsky.social5

He's trying to make a "do everything" company, that does nothing, to bury all of his debts, crimes and failures while still, somehow, coming out with more money than any human.

Cocky Quirky Canuck4

Just an FYI about your 401K which is noit affected YET: www.fool.com/investing/20...

Tristan Louis4

Who could have seen this coming... oh yeah, me... 5 months ago: bsky.app/profile/tnl....

nathanrmcgrew.bsky.social3

Let's see. Twitter, paid $34 billion more than its worth. X is now worthless having lost the $10 billion Twitter was worth. xAI is just shoveling billions into a furnace no one will buy. Tesla, carbon credits arent profitable anymore, Cybertruck failed, no one wants to buy and be associated.

Big Dave From Philly2

He’s gotta do it before he has to rotate TSLA’s debts. That’s also why SPCX is trying to accumulate cash. He wants to dilute the TSLA holders in the transaction to expand his share of the shares.

mister914.bsky.social1

Sometimes, I feel just going 100% govt bonds...

Quoting this

🗽LOLGOP🗽31

Maybe everyone knows this but I was shocked to learn that SpaceX is valued at almost twice as much as Testa (and both aren't worth anything near of these valuations). stopthetrillionaires.com/ai-bubble

Gawain2

This is a tech stack.

Regular Car Reviews

@regularcars.bsky.social

What’s up with SpaceX stock? In my opinion, it’s money laundering those bribes.

602d ago

JMay

@bubbles9333.bsky.social

Crimes against Humanity should be directed at (f)elon Musk and the (f)Cheeto in the White House and all their accomplices. Every last one of them.

424h ago

The Desert Veteran

@jkz12769.bsky.social

Elon Musk is now threatening to arrest, jail & even kill anyone who keep bringing up about him shutting down USAID when he headed DOGE. He needs to be stripped of his money & deported to El Salvador. youtu.be/XFyNFxcg4SM?...

223h ago

Kitty WH 🚺1

He isn’t even a cop. Someone please take his ket away; it’s making him worse.

Andrew M_Founder 🇬🇷 🇺🇸

@andrewmfounder.bsky.social

My God, Mia, that's just awful. Elon Musk and others in the administration are mass murderers on the level of the Nazis!

254h ago

𝘈𝘭𝘦𝘹𝘢𝘯𝘥𝘦𝘳 𝘔𝘤𝘒𝘪𝘯𝘭𝘦𝘺 🍁

@ajohmss1956.bsky.social

That was the plan - to kill as many brown children as possible courtesy of the warped minds of Stephen Miller and Elon Musk.

224h ago

Bloomberg News

@bloomberg.com

Trump says he thinks Elon Musk will donate SpaceX stock to the Trump accounts initiative

146h ago

bad futa1

weird way to say bribe

Ed K1

If SpaceX stock imploded it would tank the market sure, but so many deserving folks would go down with it

fanciestofcats.bsky.social

@fanciestofcats.bsky.social

Imagine what Elon Musk could do if he wasn’t actively destroying the planet

194h ago

Pride Was A Riot, Sacramento

@pridewasariot.bsky.social

One such example? Texas. Where Anthropic (Claude AI) rents space from SpaceX (Elon Musk) to run their “Hyperdata Centers” which poison their neighbors. Video taken from IG here: www.instagram.com/reel/DTbaBfB...

134h ago

Lee West

@whodat35.bsky.social

Boo hoo… 😭 Elon Musk Loses Trillionaire Status As SpaceX Slide Cuts Net Worth By $50 Billion www.forbes.com/sites/tylerr...

85h ago

TinkeringTailorTom-Dread is no longer Existential

@tinkeringtailortom.bsky.social

If you ever doubted that the stock market and corporate cashflow and investing is just make believe, this ( along with the SpaceX 1 trillion valuation) should seal the deal

11Yesterday

Me Look Listen

@melooklisten.bsky.social

Brought to the world by Elon Musk & the Epstein/tRump Regime. Why do white, religious nationals want to kill and abuse babies so much?

84h ago

Sam

@desertthorne.bsky.social

Elon Musk, Tmp and the Employees of the Department of Government Efficiency must be Indicted, Convicted and Jailed.

33h ago

Lauren DeAnne

@neral525.bsky.social

I would pay good money to see someone beat the shit out of Elon Musk in a cage fight.

74h ago

Paresh Dave

@peard33.bsky.social

Can Cursor Remain a Platform for OpenAI and Anthropic’s Models Inside SpaceX? www.wired.com/story/can-cu... OpenAI’s startup fund is poised to see a significant return on its Cursor investment in the form of SpaceX stock as a result of the acquisition, according to people close to Cursor.

711h ago

3 sources

forbes.comElon Musk No Longer A Trillionaire As SpaceX Stock Falls bylinesupplement.comElon Musk Amplifies Tommy Robinson’s Call to Expel Half of All British Muslims in Speech Staged by Neo-Nazi Linked Group bloomberg.comTrump Thinks Musk Will Donate SpaceX Stock to Trump Accounts

Elon Musk loses trillionaire status as SpaceX share price fallstech

Elon Musk loses trillionaire status as SpaceX share price falls

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