{"id":959,"date":"2026-07-17T18:11:08","date_gmt":"2026-07-17T18:11:08","guid":{"rendered":"https:\/\/longhaulmovingpros.com\/?p=959"},"modified":"2026-07-17T18:11:08","modified_gmt":"2026-07-17T18:11:08","slug":"spacex-has-lost-1-trillion-in-value-since-its-post-ipo-peak","status":"publish","type":"post","link":"https:\/\/longhaulmovingpros.com\/?p=959","title":{"rendered":"SpaceX Has Lost $1 Trillion in Value Since Its Post-IPO Peak"},"content":{"rendered":"
\n

Elon Musk was riding high after the SpaceX IPO catapulted him to trillionaire status. But his net worth has dipped considerably in recent weeks, even if he won\u2019t be resorting to digging through the couch cushions for rent money. Musk\u2019s net worth is now sitting at $797 billion on Friday afternoon, according to Forbes.<\/p>\n

Read more China Just Dropped Another Bomb on America\u2019s Frontier AI Companies<\/a><\/p>\n

Musk became a trillionaire after the SpaceX IPO on June 12, with his net worth soaring to $1.4 trillion a few days later on June 16. But the stock\u2019s price has declined over the past month from an intraday high of $225.64 on June 16 down to $124 at the time of this writing. <\/span>That\u2019s below the $135 offering price as SpaceX has lost about $1 trillion in value in about a month.<\/p>\n

Retail investors are frustrated with the sliding stock price, as Futurism pointed out this week. And that\u2019ll happen anytime a stock drops over 40% in a relatively short period of time. SpaceX\u2019s scrubbed launch of Starship V3 on Thursday, the first since the company went public, certainly isn\u2019t helping the stock today.<\/p>\n

\n<\/div>\n

And the price might not be done sliding just yet. Employees and early investors have been restricted from selling, known as a lockup period, but that will change after SpaceX reports second-quarter results on August 6. Axios notes that about 1.37 billion shares could hit the market next month, and the end of the first lockup could roughly quadruple the supply of tradable shares.<\/span><\/p>\n

\n<\/div>\n

Where\u2019s Elon Musk in all of this? He\u2019s still tweeting away, as ever. The former trillionaire will frequently tweet about SpaceX or Grok but he also seems distracted by culture war issues like the release of Christopher Nolan\u2019s new movie The Odyssey<\/em>.<\/p>\n

\n

Chris Nolan desecrated the Odyssey so that he would be eligible for an Academy Award \u2026<\/p>\n

\u2014 Elon Musk (@elonmusk) May 15, 2026<\/p>\n<\/blockquote>\n

Right-wing influencers have tried to insist the movie is bad because of perceived \u201cwokeness\u201d though anyone who\u2019s actually seen the film would find that laughable. The movie has a 96% rating with critics on Rotten Tomatoes and a 97% rating with audiences.<\/p>\n

Read more Body Bags Found Outside OpenAI HQ as Execs Increasingly Fear for Their Lives<\/a><\/p>\n

\n<\/div>\n

Musk also recently shared a racist AI video depicting a brown-skinned man as a sexual predator and is clearly trying to stoke racist sentiment against anyone who\u2019s not white, something he\u2019s been doing for years now.<\/p>\n

\n

Literally true pic.twitter.com\/tcgsHNdytq<\/p>\n

\u2014 Elon Musk (@elonmusk) July 13, 2026<\/p>\n<\/blockquote>\n

He also shares incredibly tacky AI videos to promote his AI chatbot Grok, like this one.<\/p>\n

\n

pic.twitter.com\/GadbcJ9EzS<\/p>\n

\u2014 Elon Musk (@elonmusk) July 11, 2026<\/p>\n<\/blockquote>\n

The 55-year-old manchild also seems to be hiding from any real interviews. CNBC heavily promoted an upcoming interview with the SpaceX CEO on July 10, but he backed out at the last minute. The interview was never rescheduled, though it\u2019s not clear why.<\/p>\n

\n<\/div>\n

One imagines it has something to do with the fact that he\u2019s built a little safe space on X where he only hears from his most adoring far-right fans. If someone asks him a hard question, he really doesn\u2019t know what to do with himself. And as long as he never appears on real news programs, he doesn\u2019t have to worry about tough questions. Like how SpaceX plans to make money on anything but Starlink, the only truly profitable part of the SpaceX business.<\/p>\n

Musk seems to prefer the comforts of X, which has been bleeding regular users since he bought it in late 2022. It\u2019s an environment where the best movies of the year are seen as unwatchable because a trans person appears for a few minutes. And as best we can tell, it\u2019s frying Musk\u2019s brain.<\/p>\n

Read more FCC Chairman Wants to Repeal a Key Rule That Would Fundamentally Change Broadcast News<\/a><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Elon Musk’s trillionaire status keeps receding into the distance.<\/p>\n","protected":false},"author":1,"featured_media":958,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commerce"],"yoast_head":"\nSpaceX Has Lost $1 Trillion in Value Since Its Post-IPO Peak - Long Haul Moving Pros<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/longhaulmovingpros.com\/?p=959\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SpaceX Has Lost $1 Trillion in Value Since Its Post-IPO Peak - Long Haul Moving Pros\" \/>\n<meta property=\"og:description\" content=\"Elon Musk's trillionaire status keeps receding into the distance.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/longhaulmovingpros.com\/?p=959\" \/>\n<meta property=\"og:site_name\" content=\"Long Haul Moving Pros\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-17T18:11:08+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/longhaulmovingpros.com\\\/?p=959#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/longhaulmovingpros.com\\\/?p=959\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/longhaulmovingpros.com\\\/#\\\/schema\\\/person\\\/ed9c8f732aec56889e8fd0602fe5af4b\"},\"headline\":\"SpaceX Has Lost $1 Trillion in Value Since Its Post-IPO Peak\",\"datePublished\":\"2026-07-17T18:11:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/longhaulmovingpros.com\\\/?p=959\"},\"wordCount\":656,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/longhaulmovingpros.com\\\/?p=959#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/longhaulmovingpros.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/59eeaae91dfcc668367cd99b07748195.webp\",\"articleSection\":[\"Commerce\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/longhaulmovingpros.com\\\/?p=959#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/longhaulmovingpros.com\\\/?p=959\",\"url\":\"https:\\\/\\\/longhaulmovingpros.com\\\/?p=959\",\"name\":\"SpaceX Has Lost $1 Trillion in Value Since Its Post-IPO Peak - 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