{"id":49223,"date":"2026-08-06T11:45:56","date_gmt":"2026-08-06T11:45:56","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=49223"},"modified":"2026-08-06T11:45:56","modified_gmt":"2026-08-06T11:45:56","slug":"spacex-shares-slide-erasing-87200000000-from-elon-musks-wealth","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=49223","title":{"rendered":"SpaceX Shares Slide, Erasing $87,200,000,000 From Elon Musk\u2019s Wealth"},"content":{"rendered":"

\"\"<\/p>\n

Shares of the major aerospace and technology firm SpaceX (SPCX) have dropped sharply following the release of initial public earnings data.<\/p>\n

Elon Musk\u2019s net worth plunged from $783.3 billion to $696.1 billion, marking an 11.01% decline and wiping out $87.2 billion in the tech titan\u2019s overall wealth as SPCX tumbled, reports Benzinga<\/a>.<\/p>\n

Musk became the world\u2019s first trillionaire after SpaceX\u2019s blockbuster public listing on June 12th, when it opened at $150 after an initial public offering price of $135. On the same day, SPCX climbed to as high as $160.95 before hitting a closing peak of $201.80 on June 16th.<\/p>\n

By August 5th, shares of SPCX were in free fall, dropping to $108.29, marking a nosedive of more than 40% from its June peak and leaving Musk\u2019s overall wealth down more than 30% to track the stock\u2019s post-IPO decline.<\/p>\n

The sell-off came after SpaceX released its first quarterly report as a public company. According to the report, the firm\u2019s Q2 revenue climbed 92% to $7.8 billion, yet the company recorded a $541 million net loss alongside $18.4 billion in capital outlays.<\/p>\n

Of that spending, $15.8 billion targeted artificial-intelligence infrastructure, which weighed on investor sentiment toward near-term profitability.<\/p>\n

Market observers note that elevated investment demands in growth areas continue to pressure valuations even as top-line expansion remains robust. As of Wednesday\u2019s close, SPCX was trading at $108.27.<\/p>\n

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The post SpaceX Shares Slide, Erasing $87,200,000,000 From Elon Musk\u2019s Wealth<\/a> appeared first on The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Shares of the major aerospace and technology firm SpaceX (SPCX) have dropped sharply following the release of initial public earnings data. Elon Musk\u2019s net worth plunged from $783.3 billion to $696.1 billion, marking an 11.01% decline and wiping out $87.2 billion in the tech titan\u2019s overall wealth as SPCX tumbled, reports Benzinga. Musk became the […]<\/p>\n","protected":false},"author":1,"featured_media":49224,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-49223","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nSpaceX Shares Slide, Erasing $87,200,000,000 From Elon Musk\u2019s Wealth - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=49223\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SpaceX Shares Slide, Erasing $87,200,000,000 From Elon Musk\u2019s Wealth - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Shares of the major aerospace and technology firm SpaceX (SPCX) have dropped sharply following the release of initial public earnings data. 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