Elon Musk is no longer a trillionaire less than two weeks after becoming the world's first
Elon Musk briefly became the world’s first trillionaire, but this came to an abrupt end after a sharp slide in SpaceX shares wiped billions from his fortune.
The SpaceX and Tesla boss made history when his net worth blasted past the $1 trillion mark, putting him in a financial league of his own.
But in a reminder that fortunes can move just as fast as his SpaceX rockets, Musk has already slipped back to billionaire status.
Even so, he’s still sitting on a mountain of money most people couldn’t spend in a thousand lifetimes.
Why Elon Musk’s trillionaire status didn’t last long
Just days after becoming the first person in history to be worth more than $1 trillion, Musk’s record-breaking achievement has already gone into reverse.
The billionaire crossed the landmark figure after SpaceX’s hugely successful IPO sent the company’s valuation soaring and added hundreds of billions to his personal fortune.
For a brief moment, Musk wasn’t just the richest person on Earth; he was the richest person Earth had ever seen.
But the trillion-dollar party didn’t last long.
After a sharp drop in SpaceX shares, combined with a wider sell-off across technology stocks, Musk’s net worth tumbled back below the magic trillion number.
SpaceX stock rocketed as high as $225 after the IPO before sliding back to around $155, taking a huge chunk out of the company’s value.
It’s the kind of loss that would be life-changing for almost anyone else, but for Musk, it was just enough to knock him out of the trillionaire club.
The world’s richest person is hardly struggling
Before anyone starts a fundraiser, Musk is doing just fine.
Despite losing his trillionaire title, estimates still put Musk’s fortune at around $957 billion on June 25, 2026, meaning he’s comfortably the wealthiest person on the planet.
In fact, reports suggest he remains hundreds of billions of dollars ahead of the second and third-richest people in the world – Larry Page with $257 billion and Sergey Brin with $237 billion.
Most of Musk’s wealth is tied to SpaceX, which remains one of the most valuable companies on Earth even after its recent share-price wobble.
The company continues to push ahead with ambitious projects, including reusable rockets, satellite networks, and plans that could one day send humans to Mars.
So while Elon Musk may no longer be a trillionaire, he hasn’t exactly fallen on hard times.
And given how quickly he reached the milestone in the first place, don’t be surprised if he ends up reclaiming the title sooner rather than later.