- Elon Musk fell below $1 trillion in net worth after SpaceX shares plunged during a broader tech sell-off — Bloomberg now values him at about $957 billion.
- SpaceX stock is down more than 30% from its mid-June peak amid questions about its valuation, big AI-related losses and a looming lockup expiration.
- Even after the drop, Musk remains far ahead of other billionaires — most of his wealth is tied to SpaceX and Tesla.
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