Key Points
Elon Musk's net worth dropped below $900 billion after SpaceX shares fell under $140.
SpaceX stock has declined sharply from its post-IPO high above $225.
Analysts remain bullish long-term, citing Starlink and future space projects.
Investors are watching earnings, Starship progress, and market sentiment for the next move.
The estimated net worth of Elon Musk has fallen below $900 billion after SpaceX shares dropped under $140 in July 2026. It is one of the steepest declines the company has seen since its IPO in June. The sell-off wiped billions from Musk’s fortune within days and raised fresh questions about high valuations across the technology sector. Even after the decline, Musk remains the world’s richest person. The recent swing is another reminder of how quickly stock market movements can affect billionaire wealth.
Why did Elon Musk net worth fall below $900 billion?
SpaceX stock drops below $140
SpaceX shares fell below $140 on July 13, 2026, reaching their lowest level since the company’s highly anticipated IPO in June. During trading, the stock briefly slipped below $137 before ending the session near $139. That extended a sharp pullback from its recent high above $225. Within a few weeks, the decline erased hundreds of billions of dollars in market value.
Latest wealth estimates
Musk’s wealth is closely tied to his ownership in SpaceX, so the stock’s decline had an immediate impact on his fortune. Forbes now estimates his net worth at around $883 billion, putting him below the $900 billion mark. Even with that drop, he continues to hold the top spot on the global rich list.
What triggered the SpaceX stock sell-off?
Why did SpaceX shares fall so quickly?
Several factors pushed the stock lower after its record-breaking IPO.
- Investors took profits after the stock climbed more than 65% within days of listing.
- A broader pullback in technology stocks reduced demand for high-growth companies.
- Investors became more cautious about SpaceX’s valuation relative to its current financial results.
Are valuation concerns growing?
Yes. Investors still have confidence in Starlink, reusable rockets, and the company’s long-term ambitions, including AI-related opportunities. At the same time, analysts say expectations moved too high after the IPO rally. According to MarketWatch, SpaceX generated about $18.6 billion in revenue during 2025 while still posting a net loss. That makes it difficult to value using traditional financial measures, leading some investors to question whether the stock price had run ahead of the business.
How does SpaceX’s stock performance impact Elon Musk’s wealth?
Why does a small stock move affect Musk so much?
Most of Elon Musk’s wealth exists in company shares rather than cash. Because he owns a large stake in SpaceX, even a relatively small decline in the share price can reduce his estimated fortune by tens of billions of dollars. Weakness in Tesla shares has added to that pressure, making daily changes in his net worth even more noticeable.
Meyka stock analysis: What does it suggest?
According to Meyka.com’s AI stock analysis tool, SpaceX is showing short-term bearish momentum, but that does not necessarily point to a lasting downtrend. Technical indicators show strong resistance near previous highs, while support remains close to the IPO price. Meyka says investors should watch trading volume and upcoming company events before expecting a sustained rebound.
Other analysts share a similar view. Firms including Deutsche Bank, RBC, Morgan Stanley, and Wells Fargo continue to rate the stock as a Buy, with average price targets around $250.
What are analysts saying about SpaceX’s future?
Is Wall Street still bullish?
Most Wall Street analysts remain positive despite the recent decline. They believe SpaceX still has strong long-term growth opportunities through Starlink, reusable launch technology, and future space infrastructure projects. Average analyst price targets remain close to $250, well above current trading levels.
That said, analysts also expect volatility to continue. Progress on Starship test flights, Starlink subscriber growth, financial results, and overall market sentiment will likely have the biggest influence on the stock over the coming months.
Key numbers investors should watch
Investors are keeping an eye on several figures:
- SpaceX share price: Below $140
- IPO price: $135
- Recent high: Above $225
- Elon Musk’s estimated net worth: Around $883 billion
- Current market valuation: Roughly $1.8 trillion
These numbers are likely to influence market sentiment as investors assess the company’s next move.
Conclusion
The net worth of Elon Musk has slipped below $900 billion after SpaceX shares lost momentum following their strong IPO rally. The decline reflects profit-taking, concerns about valuation, and weakness across technology stocks.
Even so, analysts continue to see long-term potential in SpaceX. Investors will be watching upcoming earnings, Starlink’s expansion, and Starship development to see whether the stock stabilizes or faces more pressure in the months ahead.
Disclaimer:
The content shared by Meyka AI PTY LTD is for research and informational purposes only. Meyka is not a financial advisory service, and the information provided should not be treated as investment or trading advice.
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