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Tesla (TSLA) and SpaceX Stock Decline Affects Elon Musk's Wealth

Published on 6/24/2026

#TSLA#SPACE#Bloomberg#stock#market
Tesla (TSLA) and SpaceX Stock Decline Affects Elon Musk's Wealth

AI Summary

Elon Musk's fortune has dropped to $957 billion, down from over $1 trillion, due to significant declines in SpaceX and Tesla stocks amid a market selloff. SpaceX shares closed at $156, a decrease of more than 30% from a high of $225 on June 16. Tesla shares fell an additional 5.8%, compounding the losses. Concerns regarding the valuation of SpaceX and its $4.9 billion deficit in 2025 are raising doubts among analysts about its growth prospects, which could influence investor sentiment moving forward.

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