New Delhi, June 23 -- Just days after making history as the world's first trillionaire following SpaceX's stock market debut, Elon Musk's wealth has dropped from a peak of $1.32 trillion to around $1.1 trillion at the time of writing, according to Forbes Billionaire List. The drop between June 16 and a week later is somewhere around $240 billion.

SpaceX shares dropped around 4% on Tuesday opening to around $149 apiece, extending a week-long slump that wiped out roughly $1 trillion in market value from the company's peak of $277 per share on June 16.

The latest drop in SpaceX's stock value has taken its cumulative decline from its June 16 peak to more than 30%. On Tuesday, the stock recovered some ground after a major drop, but remained ...