Musk Net Worth Hits $1.32 Trillion, Tops Bitcoin Market Cap as BTC Falls 3%

As of June 17, Elon Musk's net worth climbed to roughly $1.32 trillion, briefly exceeding Bitcoin's market capitalization of about $1.29 trillion while BTC declined nearly 3 percent. The surge stems from SpaceX's powerful post-IPO rally, with shares surpassing $200 after jumping more than 50 percent from the $135 IPO price and adding $101.7 billion to Musk's fortune in a single day. Earlier on June 16, Musk's wealth had already touched $1.4 trillion against a then $1.31 trillion Bitcoin market cap, intensifying debates over wealth concentration and taxation. The divergence highlights shifting speculative flows from crypto into high-growth equities like SpaceX.