Within a Month: World's Richest Man's Fortune Halved

Elon Musk's fortune plummeted from $1.33 trillion to $684 billion in just over a month, driven by a 46% drop in SpaceX shares and a 17% decline in Tesla. Upcoming share lock-up expirations and high short interest add pressure. Tesla plans to invest over $25 billion this year.

In just over a month, Elon Musk's net worth has plunged from $1.33 trillion to $684 billion, an extraordinary decline of more than $600 billion. The main driver is SpaceX's stock, which collapsed 46% to $108.37 after peaking at $201.80 in mid-June. Pressure is expected to continue with the release of about 911 million shares from lock-ups next month, and short interest has surged tenfold to 219.3 million shares. Meanwhile, Tesla's stock has lost 17% since its Q2 earnings report, with capital expenditures of $5.8 billion and the first negative cash flow in two years. Despite this, Tesla plans to invest over $25 billion this year in products like humanoid robots and autonomous taxis. Musk holds Tesla shares worth $129 billion and his stake in SpaceX is valued at over $550 billion. Next week, SpaceX will publish its first financial results as a public company, which could determine the direction of his wealth.