August 16, 2026

Elon Musk’s SpaceX Honeymoon Crashes as Stock Halves and Trillionaire Status Vanishes

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Karl Solano / Unsplash

SpaceX’s stock has dropped by about half from its highest point. This change erased Elon Musk’s brief title as the world’s first trillionaire five weeks after the rocket company’s record-setting initial public offering.