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Elon Musk, the world’s first trillionaire, has witnessed a serious decline in his internet price after SpaceX (ticker SPCX) underwent a big market crash over the last 30 days. Musk’s SPCX holdings have been price roughly $840 billion at one level however reportedly crashed by 40%, pulling his whole price beneath the trillion-dollar mark. All of this occurred whereas Bitcoin remained largely secure.
Crypto analytics agency Arkham tweeted relating to this improvement:
SpaceX underwent one of many largest Preliminary Public Choices (IPOs) in historical past, with the preliminary inventory value set at $160. The worth quickly exploded, and by June 16, 2026, it rose to as excessive as $225, making Musk formally the primary trillionaire in historical past. Nevertheless, the bears quickly got here into the setup and spoiled Musk’s get together.
Right here is the SPCX/USD value motion since its launch:
The inventory got here crashing down within the ensuing days and located help at $150, beneath the IPO launch value. It languished round this stage for just a few extra weeks earlier than dropping even additional, and now it’s buying and selling beneath the $140 valuation at press time. Musk’s whole internet price is now within the south of $900 billion. SpaceX’s personal valuation has come down from a peak of $2.9 trillion to sub $1.6 trillion ranges.
 
Considerations relating to the latest inventory market turmoil embrace excessive rates of interest, skepticism about an “AI bubble,” heavy capital expenditures, and massive query marks about whether or not the present “inflated” ranges are even justified within the face of a faltering macroeconomy.
Bitcoin Stays Regular
Whereas Bitcoin has had a tricky 2026 total, the premier cryptocurrency did outperform SPCX during the last month or so, largely buying and selling inside a slender $60k-$65k vary.
Right here is the BTC/USD graph from the final 30 days:
Nevertheless, not every thing was easy for it. The cryptocurrency survived a scare from the bears earlier within the month when it dropped beneath the essential $60k help stage, however the bulls instantly propped it again up. If the bears had efficiently breached the important thing help stage, the index might have simply dropped to $50k and even additional beneath.
The Future
Elon Musk is now utterly targeted on SpaceX, the way forward for satellite tv for pc communications by Starlink, and deep house exploration. This is the reason he has stepped again from Tesla and his different ventures to focus solely on this entrance.
Nevertheless, despite the fact that the corporate has carried out admirably in deploying the required infrastructure in house, it has but to generate income to justify its valuation.
