SpaceX valuation drop erases $240 billion from Elon Musk's net worth

Published Jun 23, 11:55 AM UTC

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Elon Musk's net worth has fallen by approximately $240 billion from its peak, driven by a drop-off in SpaceX's valuation, according to the Bloomberg Billionaires Index. As of June 23, 2026, Musk's net worth stands at $1.08 trillion, down from a peak of $1.32 trillion. The decline is roughly equivalent to the entire market value of computing giant IBM. The article, published by Fortune and written by Melissa Hancock, highlights the significant financial impact on the world's wealthiest individual due to market adjustments in his space technology company.

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Fortune | FORTUNEWestern

Original headline: SpaceX’s drop-off sees Elon Musk’s net worth fall $240 billion—roughly the same value as computing giant IBM

Original language: EN-US

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Elon Musk Becomes World's First Trillionaire After SpaceX IPO

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SpaceX valuation drop erases $240 billion from Elon Musk's net worth

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