According to data from the Bloomberg Billionaires Index, Elon Musk's net worth is currently around $957 billion, a significant decrease from the $1.11 trillion recorded less than half a month ago.
The decline occurred amid strong selling pressure in the global technology market as investors became increasingly concerned about the long-term profitability of artificial intelligence (AI)-related investments, while also fearing rising AI infrastructure costs and persistently high interest rates.
On June 12th, Elon Musk made history when his aerospace company SpaceX officially listed on the Nasdaq in its long-awaited initial public offering (IPO). The shares were offered at $135 per share and rose to $150 at the opening of the first trading session.
The listing boosted SpaceX's valuation to over $1.77 trillion. With approximately 42% ownership, Musk's paper wealth immediately surpassed $1 trillion, making him the first person in the world to reach this milestone.
The wave of investor excitement continued to push SpaceX shares to a peak of $225.64 per share on June 16, bringing Musk's total net worth to an all-time high of $1.32 trillion.
However, the rally didn't last. In just over a week, SpaceX shares lost more than 30% of their value, falling to around $156 per share. On June 22nd alone, the stock plummeted 16%, wiping out approximately $240 billion of Musk's personal wealth in a single day.
Simultaneously, Tesla shares also fell nearly 6%, further diminishing the net worth of the billionaire, who still holds approximately 12% of the electric vehicle company.
According to experts, Elon Musk's wealth is particularly sensitive to market fluctuations because the majority of his assets are concentrated in just two businesses: SpaceX and Tesla. SpaceX currently accounts for nearly 80% of his total net worth, meaning any fluctuations in its stock directly impact Musk's net worth.
Analysts argue that significant volatility following an IPO is perfectly normal for high-value, growth companies. However, this development also reflects a shift in investor sentiment as the market begins to exercise more caution in light of overly high expectations for AI and technology companies.
Danni Hewson, Director of Financial Analysis at AJ Bell, noted that many recent investment decisions in SpaceX have been driven by expectations of groundbreaking advancements in the space sector. However, she emphasized that investments should be made with a rational and long-term perspective, rather than solely based on market euphoria.
Despite missing out on a historic milestone, Elon Musk remains the richest person on the planet. Notably, if SpaceX stock recovers by just 6%, his net worth will once again surpass $1 trillion, potentially making him the first person to achieve trillionaire status multiple times.
Source: https://tienphong.vn/ty-phu-elon-musk-roi-cot-moc-lich-su-post1854348.tpo
