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Elon Musk loses trillionaire status as global tech rout hits SpaceX

Elon Musk lost his trillionaire status on Tuesday after a brutal global tech rout erased billions from his wealth....

News Desk

Staff Writer

Published

Jun 25, 2026

Source

BBC

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Elon Musk loses trillionaire status as global tech rout hits SpaceX

AI Insight:Elon Musk's loss of trillionaire status highlights the volatility of the tech industry and the global economy.

Elon Musk lost his trillionaire status on Tuesday after a brutal global tech rout erased billions from his wealth, underscoring the precarious nature of the tech industry and the broader global economy. The decline in Musk's net worth, estimated to be around $200 billion, was largely driven by a sharp decline in the value of his SpaceX and Tesla shares, which have been among the hardest hit by the recent market downturn. This development serves as a stark reminder of the risks and uncertainties that come with investing in the tech sector, particularly in companies that are heavily reliant on the whims of the stock market. As the global economy continues to navigate a tumultuous period, investors and analysts will be closely watching the fortunes of Musk and other tech moguls to gauge the overall health of the industry and the broader economy.