EL7.AI
StocksUpdated•Originally published 13 July 2026•Updated 13 July 2026•
2 min read

Elon Musk's Wealth Dips Below $900B as SpaceX Valuation Slides

Digital portrait of Elon Musk with SpaceX share certificates and a declining line chart on an orange background.

Key Facts

1Elon Musk's net worth fell below $900 billion as the decline in SpaceX shares intensified.
2Musk's wealth peaked at $1.45 trillion on June 16 when SpaceX shares hit an all-time high above $225.

Amid shifting sentiment in high-growth technology valuations, Elon Musk's net worth has experienced a significant decline, falling below the $900 billion mark. This downturn is primarily attributed to an intensifying slide in SpaceX shares, which had previously been the cornerstone of his wealth expansion. Musk's fortune reached a historic peak of $1.45 trillion on June 16, coinciding with SpaceX shares hitting an all-time high above $225 before entering their current corrective phase.

The decline reflects a broader recalibration of risk appetite in private markets, where premium aerospace valuations are facing increased scrutiny. Compared to industry peers, the sector remains under pressure; per market data, Boeing (BA) continues to navigate its own valuation challenges. According to Forbes reports, this retreat in SpaceX's implied valuation has erased a substantial portion of Musk's year-to-date gains, narrowing the lead he holds over other global billionaires in the wealth rankings.

Traders are closely monitoring support levels for SPCX, which stood at $145.3 at close July 10, 2026, after testing a daily low of $145.07. Looking ahead, while the immediate calendar lacks direct aerospace catalysts, investors are awaiting the FOMC Minutes on July 8. This event remains a critical macro driver that could influence liquidity conditions and valuation multiples for private entities like SpaceX in the secondary market.