After briefly becoming the world’s first-ever trillionaire last month, Elon Musk has now lost nearly half of his wealth as shares of SpaceX crashed 46% from its peak following the company's mega market debut.
Musk’s wealth peaked at around $1.33 trillion on June 16, when SpaceX shares soared to a lifetime closing high of nearly $202 apiece. However, as the shares crashed, Musk’s net wealth dropped to $684 billion, Bloomberg reported. Notably, the over $600 billion wealth erosion is higher than any other billionaire's total wealth, except Musk himself.
