Elon Musk Confirms He Is No Longer a Trillionaire Amid SpaceX Stock Decline
On July 24, Elon Musk confirmed on X that he is no longer a trillionaire. This follows the significant decline in SpaceX's stock price since its Nasdaq debut on June 12. The space technology and AI company saw its shares surge to an all-time high of $225.64 shortly after listing but has since dropped by 50%, trading at around $114 as of July 25, 2026. The decline in SpaceX's stock value also impacted Musk’s personal wealth and the company's Bitcoin holdings. SpaceX holds 18,712 BTC on its balance sheet, currently valued at approximately $1.2 billion with Bitcoin trading near $64,151. The drop has been mirrored by related contracts on Hyperliquid, a decentralized exchange for perpetual futures, where the SPCX-USDC pair also fell by half from its peak. Despite Wall Street's bullish ratings and initial optimism around SpaceX’s IPO, market sentiment appears to have shifted, leading to reduced investor confidence in both the stock and associated crypto derivatives.
Tickers: $SPCX
Topics: Bitcoin holdings Elon Musk SpaceX stock price decline trillionaire status