July 18, 2026
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5:28Now PlayingElon Musk flees an exclusive interview in a panic at the last minute as his net worth plunges with the downfall of his SpaceX stock, which keeps sinking lower. John Iadarola and Jayar Jackson break it down on The Damage Report. Leave a comment with your thoughts below!
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Elon Musk's Net Worth Is Plummeting Here's What That Means for SpaceX Stock
"The initial public offering of Space Exploration Technologies (SPCX 3.07%) was a huge success for Elon Musk. As the stock (SpaceX for short) soared in the days after it went public, Musk officially became the world's first trillionaire.
A sharp correction in the stock price, however, has brought his net worth down closer to earth. His estimated net worth is now under $900 billion. Most of Musk's fortune is tied up in publicly traded companies like Tesla and SpaceX. So his exact net worth changes dramatically with every market session."
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