Elon Musk’s Net Worth Falls $407 Billion to $913 Billion as SpaceX Stock Hits $145
Updated
Updated · Inkl · Jul 11
Elon Musk’s Net Worth Falls $407 Billion to $913 Billion as SpaceX Stock Hits $145
3 articles · Updated · Inkl · Jul 11
Summary
$913 billion — Musk’s fortune has slid more than $407 billion from its $1.32 trillion peak, even after remaining the world’s richest person.
SpaceX drove most of the drop as its shares sank to a record low of $145 from $225 on June 16, with post-IPO enthusiasm continuing to fade while Tesla shares wavered.
Analysts still see upside: the consensus SpaceX target is $237, with Deutsche Bank at $255 and Raymond James at $800; Tesla targets were also raised after stronger second-quarter deliveries.
Costs are adding pressure as SpaceX and Tesla build the Terafab project in Texas for more than $100 billion, and Tesla has already signaled it will miss positive free cash flow this year.
Musk’s longer-term wealth outlook still rests on newer bets including xAI, where Grok holds about 5% of the chatbot market, plus Optimus and Neuralink, last valued at $9 billion.