Translated with AI
American entrepreneur and the world's richest man, Elon Musk, has lost his trillionaire status after the market value of his assets declined. According to the Bloomberg Billionaires Index, his net worth has fallen to $957 billion.
Estimates from various sources, however, continue to diverge. According to Forbes, Musk's net worth is approximately $1.1 trillion.
Elon Musk became the first person in history to surpass $1 trillion in net worth. This happened on June 12, less than two weeks ago, following the successful initial public offering of SpaceX.
However, by the start of the main trading session on June 23, SpaceX shares had fallen 3.9%, falling to $148.57 per share. As a result, the company's market capitalization fell to $1.99 trillion.
Thus, for the first time since its record-breaking IPO, SpaceX's value fell below the $2 trillion mark. The company took seventh place in the ranking of the world's largest public companies. This marked the fourth consecutive trading session for SpaceX to end with a decline in its market cap.
In June, the company raised over $85 billion in its IPO. Following the offering, SpaceX's market value exceeded $2.9 trillion, temporarily surpassing Microsoft and Amazon and becoming one of the four most valuable public companies in the world.
However, SpaceX's market capitalization has since fallen by approximately $550 billion from its earlier highs.
It was SpaceX's IPO that allowed Elon Musk to become the world's first trillionaire. According to Bloomberg, his net worth reached $1.05 trillion after the IPO. Furthermore, the company's IPO created more than 4,400 new millionaires among SpaceX employees.
