New Delhi, Oct. 8 -- Elon Musk lost more than $21 billion from his net worth on Wednesday morning after SpaceX shares fell around 2%, according to Forbes. The fall came just two days after Musk regained his status as a trillionaire.

As of 11:35 a.m. EDT on Wednesday, Musk's net worth stood at $1.03 trillion, down 2.04%. Despite the decline, he remains world's richest person with a trillionaire status, according to Forbes' Real Time Billionaires list.

SpaceX shares were trading at $168.86, down around 2%, after reports suggested SpaceX is in talks with banks and asset managers to raise billions for the purchase of Nvidia artificial intelligence chips.

Following the news, the company's credit risk surged to a fresh high and the company's...