SpaceX Shares Slide to $152, Cutting Musk Net Worth to $946 Billion

On June 25, SpaceX shares traded around $152, pushing Elon Musk’s net worth to an estimated $946 billion and ending his brief trillionaire status. The stock has now fallen more than 30% from its post-IPO peak of $225.64 reached on June 16 after pricing at $135. The retreat follows a 16% drop on June 24 and reflects broader tech-stock weakness, AI-spending concerns, and uncertainty over SpaceX’s planned bond offering. Musk’s 12% Tesla stake, valued near $155 billion, also contributed to the decline. Other tech billionaires including Larry Ellison saw sharp one-day wealth losses amid the selloff.