SpaceX founder Elon Musk’s worth has fallen back below the trillionaire mark after a sharp decline in SpaceX and Tesla shares erased a significant portion of his wealth. According to the Bloomberg's Billionaires Index, Musk's net worth stood at $957 billion as of June 24.
The drop comes just weeks after he became the world's first trillionaire following SpaceX's blockbuster initial public offer (IPO), which valued the company at more than $2 trillion. Investor enthusiasm around the stock has cooled since.
