SpaceX shares have fallen 31% from their Jun. 16 peak of $225.64, pushing Elon Musk's fortune to $957 billion, according to the Bloomberg Billionaires Index. Space Exploration Technologies Corp. priced its initial public offering at $135 a share and opened at $150 on Nasdaq on Jun. 12, briefly making Musk the world’s first trillionaire with a fortune reaching $1.32 trillion by Jun. 16. The stock recently traded near $156, down 31% from its high, while Bloomberg placed Musk’s net worth at $957 billion on Jun. 24. On Monday, SpaceX shares fell more than 16%, wiping about $240 billion from Musk’s fortune and cutting his net worth to roughly $1.08 trillion. The broader technology selloff also affected Alphabet, Meta, Microsoft and Amazon, while Tesla shares are down more than 7% for the year. SpaceX faces a lockup schedule with early insider shares potentially reaching the market in late July, before the standard 180-day lockup expires on Dec. 8. The company’s record $75 billion IPO valued it near $1.77 trillion, but it reported a $4.9 billion net loss in 2025. Musk still leads wealth rankings with Larry Page in second at $297 billion.