Elon Musk. Photo: Beata Zawrzel / NurPhoto via Getty Images
The American businessman's assets have fallen below $1 trillion and currently stand at $957 billion, according to data from the Bloomberg Billionaires Index. At the same time, according to Forbes calculations, Musk still has $1.1 trillion.
At the start of the main session on Tuesday, June 23, SpaceX shares fell by 3.9% — to $148.57, and the company's capitalization dropped to $1.99 trillion. Thus, for the first time since its record IPO, SpaceX's capitalization fell below $2 trillion, and the company took seventh place in the ranking of the world's largest public companies.
Musk became the first trillionaire in history 12 days ago, on June 12.
In June, the company raised more than $85 billion during its IPO. After the IPO, SpaceX's capitalization exceeded $2.9 trillion, allowing it to temporarily surpass Microsoft and Amazon and enter the top 4 most valuable public companies in the world. Subsequently, the company's capitalization fell by approximately $550 billion from its weekly peak.
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