{"id":23666,"date":"2026-06-25T07:37:20","date_gmt":"2026-06-25T05:37:20","guid":{"rendered":"http:\/\/costops.com\/index.php\/2026\/06\/25\/elon-musk-loses-trillionaire-status-as-spacex-and-tesla-stock-drops\/"},"modified":"2026-06-25T07:37:20","modified_gmt":"2026-06-25T05:37:20","slug":"elon-musk-loses-trillionaire-status-as-spacex-and-tesla-stock-drops","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2026\/06\/25\/elon-musk-loses-trillionaire-status-as-spacex-and-tesla-stock-drops\/","title":{"rendered":"Elon Musk loses trillionaire status as SpaceX and Tesla stock drops"},"content":{"rendered":"<p>Falling shares push tech mogul back down to billionaire ranks after SpaceX IPO made him world\u2019s first trillionaire<\/p>\n<p>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\u2019s net worth as $970.2bn.<\/p>\n<p>Musk reached trillionaire status on 12 June after SpaceX\u2019s historic initial public offering. The rocket, satellite and AI company\u2019s debut on the stock market made Musk the first person with a net worth of more than $1tn. His fortune continued to hover around that gigantic figure in the weeks following the initial public offering (IPO).<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2026\/jun\/24\/elon-musk-trillionaire-spacex\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/986bcd4fd2551417fe3e33636de8d36db6dab448\/127_0_1266_1013\/master\/1266.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=b038c2ca484165f134151772ef63a239\" title=\"Elon Musk loses trillionaire status as SpaceX and Tesla stock drops\" \/>Falling shares push tech mogul back down to billionaire ranks after SpaceX IPO made him world\u2019s first trillionaire<br \/>\nElon 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\u2019s net worth as $970.2bn.<br \/>\nMusk reached trillionaire status on 12 June after SpaceX\u2019s historic initial public offering. The rocket, satellite and AI company\u2019s debut on the stock market made Musk the first person with a net worth of more than $1tn. His fortune continued to hover around that gigantic figure in the weeks following the initial public offering (IPO). Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Falling shares push tech mogul back down to billionaire ranks after SpaceX IPO made him world\u2019s first trillionaire 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\u2019s net worth &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2026\/06\/25\/elon-musk-loses-trillionaire-status-as-spacex-and-tesla-stock-drops\/\"> <span class=\"screen-reader-text\">Elon Musk loses trillionaire status as SpaceX and Tesla stock drops<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":23667,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/23666"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=23666"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/23666\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/23667"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=23666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=23666"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=23666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}