Trillionaire No More. SpaceX Collapse Loses Elon Musk $600 Billion in One Month
Shares have fallen more than 40% from their peak as investors weigh Starlink growth, Starship plans and up to 1 billion potential new shares.
- SpaceX shares, which debuted at $135 in June, now trade around $113, marking a 16% decline below the original offering price.
- Enthusiasm pushed the stock to a peak above $225 on June 16, but the price has since fallen more than 40% from that high as investors reassess the valuation.
- Operational setbacks, including the aborted Starship Flight 13, have added pressure alongside the $60 billion acquisition of Cursor from Anysphere, complicating the August 4 earnings report.
- On August 6, 911.5 million shares become eligible for sale, the second trading day after earnings, potentially increasing selling pressure and testing market demand.
- Further restrictions lift through December 8, potentially increasing the tradable portion to 40%, while Bloomberg estimated Elon Musk's fortune at approximately $718.8 billion as of Friday, down roughly $600 billion in about a month.
22 Articles
22 Articles
Shares in the space services company have fallen more than 52% from their all-time high following their historic stock market debut.
As the stock prices of aerospace company SpaceX and electric vehicle manufacturer Tesla have been on a downward trend, the wealth of their head, Elon Musk, appears to have halved in just about a month. According to the U.S. business media outlet Forbes on the 27th (local time), Musk's net worth was estimated at $695.7 billion (approximately 1,019 trillion won) as of that morning. This figure is based on SpaceX's stock after its IPO
How Elon Musk Lost $600 Billion on Paper as SpaceX Stock Collapse Shocks Wall Street
Elon Musk's extraordinary rise to an estimated $1.3 trillion fortune (around £977.6 billion) has unravelled almost as quickly as it began, with the billionaire's paper wealth shrinking by around $600 billion (£451 billion) in just weeks as SpaceX shares tumbled following the company's blockbuster stock market debut. The dramatic reversal has pushed Musk's estimated net worth below $700 billion, underscoring how rapidly market valuations can infl…
SpaceX has lost more than $1.2 trillion in market capitalization since its peak price of $225.64 reached in June, almost exactly the value of Elon Musk’s other company, Tesla, whose shares have just fallen to a minimum of almost a year. On Monday, SpaceX fell by the thirteenth session of the last 16, losing more than 1% to close at $113.50, reported CNBC. While some flow of options are balancing between bullists and bassists, SpaceX’s larger ind…
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