The world’s richest man has lost nearly $500 billion in thirty days. On June 16, 2026, Elon Musk had a net worth of $1.32 trillion.

Fast forward one month and Musk’s net worth is at $832 billion, according to the Bloomberg Billionaires Index.

Almost all the damage traces to a single holding.

Space Exploration Technologies Corp. (NASDAQ:SPCX) has fallen 45% over the past month, hitting $123.33 after a 5.9% drop Friday, the sixth straight negative session.

Market capitalization slid from $2.69 trillion to $1.64 trillion — more than $1 trillion of value gone since mid-June.

SpaceX raised a record $86 billion in its June IPO — the listing that made Musk the world’s first trillionaire. The stock debuted at $150 on June 12, peaked at $225.64 on June 16 and has been under pressure ever since

Musk owns 4.76 billion SpaceX shares, according to the company’s June 2026 S-1 filing, plus 352.5 million options.

A further 1.3 billion shares of unvested restricted stock are excluded from the calculation because they are subject to performance and other conditions.

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