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Elon Musk loses 'trillionaire' status as SpaceX, Tesla shares fall

techJun 24, 202633827

SpaceX's IPO briefly made Elon Musk the world's first trillionaire, but a sharp sell-off in SpaceX and Tesla shares erased that valuation. The market rout removed more than $150 billion from his paper fortune in a single day and pushed his net worth back below $1 trillion to about $970.2 billion, Forbes reported at the close. Tesla's share weakness alongside volatile pricing for newly public SpaceX highlights how concentrated equity stakes can cause rapid swings in headline wealth rankings and investor sentiment.

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