Elon Musk Wealth Drops $87B as SpaceX Shares Slide 13%

Key Facts

In a move reflecting market sensitivity toward high-tech investment costs, Elon Musk's personal fortune experienced a massive wipeout. According to reports, Musk's net worth fell by $87 billion as SpaceX shares dropped 13% following its earnings release. The decline was triggered by investor concerns over surging capital expenditures related to artificial intelligence, despite the company reporting a 92% jump in revenue to $7.8 billion.

The selling pressure intensified after SpaceX recorded a net loss of $541 million, with capital spending reaching $18.4 billion—$15.8 billion of which was dedicated to AI infrastructure. Per analyst data, the stock is now trading below its initial offering price of $135, marking a sharp reversal from the euphoria following its June IPO that briefly made Musk the world's first trillionaire.

Based on authoritative data, updated closing prices for the relevant instruments are currently unavailable (as of August 5, 2026). With no major upcoming economic catalysts in the calendar directly impacting the aerospace or private tech sectors in the next few days, traders will be watching for price stabilization amid ongoing concerns regarding the company's cash burn rate.