Elon Musk's Net Worth Drops $350 Billion In Massive SpaceX Selloff—But He's Still A Trillionaire

SpaceX's market value has fallen about $928 billion from its June 16 peak of roughly $2.99 trillion to around $2 trillion on Monday, a decline of about 31%. The article is a valuation update rather than an operating or news catalyst, so the immediate market impact is limited. The move suggests weaker investor sentiment around the company's private-market valuation.

Analysis

SpaceX's market value has fallen about $928 billion from its June 16 peak of roughly $2.99 trillion to around $2 trillion on Monday, a decline of about 31%. The article is a valuation update rather than an operating or news catalyst, so the immediate market impact is limited. The move suggests weaker investor sentiment around the company's private-market valuation.