This week, Tesla and SpaceX shares both fell, and Musk's Auto Company's stock price fell 18% cumulatively — the worst weekly crash since 2022. On the eve of the giant Starship V3 rocket test flight scheduled for Friday, SpaceX dropped about 7% this week to 115.07 US dollars, the lowest closing price since the company's US IPO last month. As the two stocks declined, Musk's personal wealth evaporated by about $130 billion, and it's only been a few weeks since he became the world's first trillionaire. In a post on the X platform on Friday, Musk wrote, “A trillionaire.”

This week, Tesla and SpaceX shares both fell, and Musk's Auto Company's stock price fell 18% cumulatively — the worst weekly crash since 2022. On the eve of the giant Starship V3 rocket test flight scheduled for Friday, SpaceX dropped about 7% this week to 115.07 US dollars, the lowest closing price since the company's US IPO last month. As the two stocks declined, Musk's personal wealth evaporated by about $130 billion, and it's only been a few weeks since he became the world's first trillionaire. In a post on the X platform on Friday, Musk wrote, “A trillionaire.”