Elon Musk’s Fortune Falls Below $900 Billion As SpaceX Slide Worsens The precipitous fall of Elon Musk's net worth below $900 billion is a tale of two narratives: the optimism of Wall Street analysts and the harsh realities of market performance.
Shares in SpaceX slid toward their IPO price, leaving Musk with a valuation slightly above $879 billion after a $37. 9 billion hit. SpaceX's volatility since its record breaking debut last month has been astonishing.
The stock peaked at an all time high just 24 hours after its IPO but plummeted in 11 out of 17 trading sessions.