Musk’s trillionaire crown lasts less than two weeks after SpaceX rout (opens original article in a new tab)

Elon Musk's net worth dropped below $1 trillion within two weeks after SpaceX's IPO due to sharp declines in tech stocks, primarily affecting his holdings in SpaceX and Tesla. Analysts highlight the risks of wealth concentrated in a few companies, though Musk remains the world's richest individual.

• Elon Musk's net worth fell below $1 trillion within two weeks after SpaceX's IPO
• SpaceX and Tesla stock declines caused significant losses in Musk's wealth
• Analysts note risks of concentrating wealth in a few companies
• Musk remains the world's richest person despite the drop