Elon Musk No Longer a Trillionaire as SpaceX Stock Falls

Elon Musk became the first trillionaire when SpaceX went public on June 12.

Now, less than two weeks later, Musk is no longer a trillionaire as SpaceX stock falls for the fifth day in a row.

On the first day of trading, SpaceX stock rose from $135 to over $170 per share. It reached a high of $225 per share on June 16.

On June 16, SpaceX bought the AI coding agent Cursor for $60 billion, and then its stock started to fall.

On Monday, SpaceX stock fell 16 percent and has not recovered yet. On Tuesday, Musk became a billionaire again, and the stock fell to $152 before rising to $154.

At its highest point, Musk's net worth was around $1.1 trillion. Now, it is $957 billion, according to Forbes.

SpaceX is not making a profit, partly because it bought Musk's AI company, xAI. The company's value is based on Musk's plans for its future.

This means the stock price can change a lot from day to day. Musk's net worth may go up and down between billionaire and trillionaire for a while.

SpaceX and Elon Musk are in the news.

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