Elon Musk's fortune takes a $300 billion hit as SpaceX sees $1 trillion rout in market value (opens original article in a new tab)

Elon Musk's fortune fell by $350 billion as SpaceX's market value dropped nearly $1 trillion following a sharp decline in shares.

• Elon Musk's net worth dropped by $350 billion as SpaceX shares fell over 30% from their post-IPO peak
• SpaceX's market value fell by nearly $1 trillion, with the company now valued at around $2 trillion
• Investor concerns over valuation, debt, AI spending, and broader tech weakness contributed to the selloff