Elon Musk loses trillionaire status as SpaceX and Tesla stock drops 27.8%
The Guardian - By Sanya Mansoor - 6/24/2026, 8:02 PM
Biased Writer Voice 33.7% - Negativity Bias 31.1% - Post Hoc (False Cause) 29.9%
Elon Musk was no longer a trillionaire by the time markets closed on Wednesday. Plunging shares in Tesla and SpaceX dragged the tech magnate down to billionaire status. As of 4pm ET, Forbes listed Musk’s net worth as $970.2bn. Musk reached trillionaire status on 12 June after SpaceX’s historic initial public offering. The rocket,... more