Elon Musk's bid to reclaim the trillionaire title has come under immediate pressure after a sharp tech sell-off wiped hundreds of billions from his net worth within weeks of his historic milestone, with the Tesla and SpaceX chief slipping back below the $1 trillion mark by late June, according to Bloomberg's Billionaires Index.
Musk had only just crossed into uncharted financial territory on 12 June, when SpaceX's long-anticipated entry to the Nasdaq sent its valuation soaring. Early trading priced shares at $135 before climbing to $150, pushing the company's valuation up by an eye-watering $1.77 trillion. With Musk holding roughly 42% of SpaceX, his personal fortune surged in tandem, briefly placing him beyond the trillionaire threshold for the first time in history.
