🚀 ELON MUSK’S TRILLIONAIRE ERA LASTED JUST TWO MONTHS
Elon Musk briefly became the world’s first trillionaire after SpaceX’s blockbuster IPO — but the celebration didn’t last long.
SpaceX shares have fallen 31% from their June peak of $201.80, wiping an estimated $146.5 billion from Musk’s fortune. He still owns roughly 42% of the company.
The decline comes despite SpaceX nearly doubling revenue year over year. The problem: massive spending. The company invested $18.37 billion in just three months, pouring money into AI infrastructure, Starship and satellites.
Starlink remains profitable, but AI and space-launch operations are still consuming billions. SpaceX is growing fast — investors are now asking whether its huge futuristic bets can grow fast enough to justify the valuation. 🚀📉
Elon Musk briefly became the world’s first trillionaire after SpaceX’s blockbuster IPO — but the celebration didn’t last long.
SpaceX shares have fallen 31% from their June peak of $201.80, wiping an estimated $146.5 billion from Musk’s fortune. He still owns roughly 42% of the company.
The decline comes despite SpaceX nearly doubling revenue year over year. The problem: massive spending. The company invested $18.37 billion in just three months, pouring money into AI infrastructure, Starship and satellites.
Starlink remains profitable, but AI and space-launch operations are still consuming billions. SpaceX is growing fast — investors are now asking whether its huge futuristic bets can grow fast enough to justify the valuation. 🚀📉