Musk’s Fortune Falls Under $800 Billion After Aborted Starship Launch
SpaceX shares dropped to an all-time low following an aborted Starship launch attempt, resulting in a $45 billion decline in Elon Musk's net worth. Despite the setback, Musk remains the world's wealthiest person, and the company plans to attempt another launch shortly.
Why it matters
The volatility of SpaceX stock and Musk's personal wealth highlights the high-stakes nature of private space exploration and its impact on global financial markets.
Topline A setback in Starship’s latest launch attempt lowered SpaceX shares to another all-time low on Friday, extending a losing streak for the stock and lowering Elon Musk’s net worth by more than $45 billion, after Wall Street appeared optimistic about the firm’s launch capabilities.
The report relies on financial data and public statements, maintaining a neutral, factual tone.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in