Elon Musk's Fortune Drops Below $900 Billion as SpaceX Stock Slides Toward IPO Price

Elon Musk's net worth fell below $900 billion on July 13 as SpaceX shares slid toward their initial public offering price, cutting $37.9 billion from his wealth. The rocket manufacturer's stock declined 3.8% to just under $140, nearing its $135 IPO level, while Tesla shares also dropped 3%. SpaceX has experienced a 38% decline from its peak of $1.45 trillion on June 16, with shares falling in 11 of 17 trading sessions since its record debut.

Musk's Wealth Volatility

■SpaceX shares have declined in 11 of 17 trading sessions post-IPO.

■Musk holds 4.8 billion SpaceX shares and 350 million stock options, alongside approximately 700 million Tesla shares.

■Tesla's stock followed a similar downward trajectory, contributing to overall wealth erosion.

Market Sentiment and Investment Outlook

■Raymond James set an $800 price target, while Arete Research projected $401 and Morgan Stanley $300.

■Analysts highlight SpaceX's role in building a 'foundational platform for next-generation industrial capacity'.

■Dan Ives of Wedbush Securities called SpaceX 'one of the most differentiated assets in the tech market'.

The SpaceX stock volatility reflects investor anxiety amid high expectations, yet its long-term potential as a hyperscaler in connectivity, launches, and AI infrastructure remains compelling. This decline underscores the intertwined risks and rewards in Musk's portfolio, particularly within aviation logistics and space technology sectors.