Elon Musk’s Net Worth Dips Below $1 Trillion After SpaceX Stock Slide
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Elon Musk first became a trillionaire when SpaceX went public in mid-June. His fortune briefly climbed to $1.45 trillion before shares pulled back. A 31% drop in SpaceX stock and new restrictions on $116 billion of Tesla shares have cut his wealth. He also paid $7.1 billion to exercise CEO award options that now vest only if he remains in leadership until January 2028. As of Tuesday’s close, his net worth stands at about $962 billion.
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