Elon Musk's Net Worth Plunges to $946B as SpaceX Stock Falls 16% on Monday

According to Bloomberg Billionaires Index, Elon Musk's net worth fell to $946 billion on Wednesday, down from $1.32 trillion just over a week earlier. The sharp decline followed a 16% SpaceX plunge on Monday that wiped an estimated $240 billion from his personal wealth. SpaceX shares, which soared to $225.64 on June 16 following the company's blockbuster June 12 Nasdaq debut, have since dropped over 30% and recently traded at $154. Tesla shares declined nearly 6% the following day, adding pressure. Despite the pullback, Musk remains the world's richest person.
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