India, June 24 -- Elon Musk has seen his net worth dip below the $1 trillion mark, just shy of two weeks after he became the world's first trillionaire, thanks to a significant drop in Space Exploration Technologies Corp. (SPCX) shares.
As per the Bloomberg Billionaires Index, Musk's wealth fell to roughly $957 billion on Tuesday, down from over $1.3 trillion shortly after SpaceX's shares hit the market.
The company's shares launched at $135 during its initial public offering but soared to a high of $225.64 on June 16 due to strong interest from investors.
Despite that initial success, the stock has now dropped more than 30%, landing around $154-$156 per share after a 16% dip on Monday. This decline has been linked to a general downturn ...