Elon Musk’s wealth down 45% since SpaceX IPO:Rocket company’s shares crash, investors lose money

The world’s richest person Elon Musk is no longer a trillionaire. According to Forbes, the world’s richest man has seen his massive fortune drop sharply over the past few weeks. In June 2026, Musk became the first person ever to achieve a net worth of over $1 trillion or ₹96 lakh crore. This happened because his rocket-and-AI company, SpaceX, went public on the stock market and its shares shot up. However, that stock market boom did not last long. SpaceX shares have since fallen from their highest points, dragging a massive chunk of Musk’s personal wealth. Why is Elon Musk no longer a trillionaire? According to Forbes, Musk’s net worth reached a record-breaking peak of $1.45 trillion or ₹139.3 lakh crore on June 16, 2026. This happened because investors were highly excited about the future of SpaceX. However, since that peak, SpaceX shares have tumbled by about 41%. Because Musk owns a huge stake in SpaceX, the drop in the stock price directly reduced his fortune. As a result, his total net worth has fallen to $797.6 billion or ₹76.56 lakh crore. This means his wealth has declined by a staggering ₹62.74 lakh crore or 45% from its highest peak in less than a month. Despite this huge loss, Musk still remains the richest person on Earth. SpaceX share price The company’s stock has been on a wild ride ever since the listing All-Time High Share Price: Above $225 or over ₹21,000 per share (reached on June 16, 2026). Current Share Price: Just under $131 or ₹13,440 per share. The stock has fallen quickly and is now trading very close to its original starting public price. SpaceX market capitalisation: Market capitalisation is the total value of all the company’s shares added together. All-Time High Market Cap: More than $2.7 trillion or ₹259 lakh crore Current Market Cap: Around $1.86 trillion or ₹178.56 lakh crore. Because the share price has dropped below its original price, the total value of the company has shrunk by about ₹81 lakh crore from the top. Details of the SpaceX IPO IPO Date: June 12, 2026. IPO Price: $135 or nearly ₹13,000 per share. Money Raised: The company raised between $75 billion and $85 billion during its debut due to massive demand from investors.