Wire flash
FinanceElon Musk's net worth falls below $900B as SpaceX shares slide near IPO price
Editorial responsibility
- No named human review is recorded for this page.
- Source reporting is collected, normalized, translated or condensed automatically when needed.
- Automatically published source-backed update
Elon Musk's net worth fell below $900 billion on July 13, 2026, to $879.3 billion, as SpaceX shares dropped 3.8% to near their $135 IPO price. The decline cut $37.9 billion from Musk's fortune, though he remains the world's richest person ahead of Google cofounders Larry Page and Sergey Brin. SpaceX shares have plunged over 38% from their all-time high of $225 on June 16. Despite the selloff, Wall Street analysts remain overwhelmingly bullish, with Raymond James setting an $800 price target implying a valuation above $10 trillion. Other targets include $401 from Arete Research, $300 from Morgan Stanley, and $205 from Goldman Sachs. Analysts cite SpaceX's role in building foundational industrial capacity and its potential as a hyperscaler in connectivity, rocket launches, and AI infrastructure. Musk holds 4.8 billion SpaceX shares, 350 million stock options, and about 700 million Tesla shares.
Source report
Topline
Elon Musk’s net worth fell below $900 billion on Monday as shares in his rocket company, SpaceX, slid toward their initial public offering (IPO) price, even as analysts remain overwhelmingly bullish on the company.
Key Facts
- Shares of SpaceX dropped 3.8% to just under $140 as of Monday afternoon, approaching the stock’s $135 IPO price. Tesla shares similarly declined 3%.
- The pullback in SpaceX shares cut $37.9 billion from Musk’s net worth, which now stands at $879.3 billion. He remains the world’s richest person, ahead of Google co-founders Larry Page ($290.1 billion) and Sergey Brin ($267.6 billion).
- Musk holds 4.8 billion SpaceX shares, an additional 350 million stock options, and roughly 700 million Tesla shares.
Big Number
$1.45 trillion. That was the peak of Musk’s net worth, achieved on June 16 when SpaceX shares hit an all-time high above $225. Since then, the stock has plunged more than 38%.
Surprising Fact
Despite SpaceX’s recent share price decline, Wall Street remains largely bullish on the stock:
- Raymond James set an $800 price target, implying a market valuation well above $10 trillion.
- On average, brokers expect SpaceX shares to be worth $236, according to FactSet data.
- Analyst price targets include $401 from Arete Research, $300 from Morgan Stanley, and $205 from Goldman Sachs.
- Raymond James analyst Brian Gesuale argued that SpaceX is “building the foundational platform for the next generation of industrial capacity.”
Key Background
SpaceX’s stock has been volatile since its record-setting debut last month. Shares peaked at an all-time high just one day after the IPO, then declined in 11 of 17 total trading sessions. Longtime Tesla bull Dan Ives wrote in a note for Wedbush Securities that SpaceX is “one of the most differentiated assets within the tech market.” Ives also argued that Musk’s rocket maker is “well-positioned to become a major hyperscaler” across connectivity, rocket launches, and AI infrastructure.
Further Reading
- Forbes: Elon Musk’s Net Worth Drops $50 Billion In Latest SpaceX Selloff — By Ty Roush
- Forbes: Elon Musk’s Net Worth Drops $50 Billion In Latest SpaceX Selloff — By Ty Roush
Source
Forbes - BusinessWestern
Part of this Story
Elon Musk Becomes World's First Trillionaire After SpaceX IPO