Back
SpaceX falls below offering price after listing, pulling Musk’s net worth under $1 trillion

SpaceX falls below offering price after listing, pulling Musk’s net worth under $1 trillion

Shares have extended losses to four straight down days, falling more than 40% from their high and wiping out over $1 trillion in market value as bearish bets build.

Fact Check
All core elements of the claim are corroborated by authoritative primary sources. SpaceX's June 2026 IPO priced at $135 (CNBC). The stock fell below $135 for the first time on July 15, 2026 after a peak above $200/$225, consistent with the 'below offering price weeks after listing' and short-selling interest (CNBC). Arkham Intelligence's own X post on July 18, 2026 estimated Musk's net worth at ~$997B and declared he is no longer a trillionaire, exactly matching the claimed figure and date. The SpaceX ~$715B portion also matches. The only minor discrepancy is 'peaking above $200' vs sources citing $225, which does not contradict the claim.
Summary

SpaceX shares have fallen below their $135 offering price after four consecutive down sessions, extending a post-listing reversal that has left the stock down more than 40% from its historical high and erased more than $1 trillion in market value. The Financial Times said the slide has prompted some traders to use short positions and other bearish strategies to bet on further declines. The drop has also hit Elon Musk’s wealth: Arkham Intelligence previously estimated his net worth at about $997 billion on July 18, and the Financial Times now says his fortune has fallen by more than $250 billion in the past month.

Terms & Concepts
  • short positions: Bearish trades that seek to profit if a stock's price falls.
  • offering price: The initial price at which shares are sold to investors.
  • bearish strategies: Trading approaches designed to benefit from or hedge against further price declines.