coin-img-ETHETH-4.54%coin-img-BTCBTC-2.87%coin-img-SOLSOL-4.21%coin-img-XRPXRP-4.67%coin-img-UBOXUBOX+0.00%coin-img-USDCUSDC+0.01%coin-img-HYPEHYPE-8.31%coin-img-TRXTRX-1.56%coin-img-ETHETH-4.54%coin-img-BTCBTC-2.87%coin-img-SOLSOL-4.21%coin-img-XRPXRP-4.67%coin-img-UBOXUBOX+0.00%coin-img-USDCUSDC+0.01%coin-img-HYPEHYPE-8.31%coin-img-TRXTRX-1.56%coin-img-ETHETH-4.54%coin-img-BTCBTC-2.87%coin-img-SOLSOL-4.21%coin-img-XRPXRP-4.67%coin-img-UBOXUBOX+0.00%coin-img-USDCUSDC+0.01%coin-img-HYPEHYPE-8.31%coin-img-TRXTRX-1.56%coin-img-ETHETH-4.54%coin-img-BTCBTC-2.87%coin-img-SOLSOL-4.21%coin-img-XRPXRP-4.67%coin-img-UBOXUBOX+0.00%coin-img-USDCUSDC+0.01%coin-img-HYPEHYPE-8.31%coin-img-TRXTRX-1.56%
user-avatar
The Financial Express

Elon Musk’s net worth slips below $700 billion after SpaceX shares nearly halve from June 16 peak

AI Market Summary
SpaceX's implied share price is down ~50% from its post-IPO peak, underscoring a sharp valuation reset in high-beta tech and private-to-public growth stories. While SpaceX is not a widely accessible public float, the news spills into crypto via SpaceX's disclosed 18,712 BTC treasury position and active SpaceX-linked perpetuals (e.g., Hyperliquid), where price declines can pressure risk appetite and leveraged positioning.
Impact level
● Medium
Affected assets
BTC/USDT-2.86%
AI Insight · BTC/USDTAI Insight
▼ Bearish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Elon Musk’s net worth has fallen below $700 billion after a sharp drop in SpaceX shares. SpaceX was at $109.50 by 10:50 a.m. EDT on Monday, down 4.8% on the day and nearly 50% below its June 16 high of $225.64, according to Forbes. Musk holds about 4.8 billion SpaceX shares and 350 million stock options, and the decline cut $29.5 billion from his fortune. The move highlights valuation pressure in private space-technology equities, though SpaceX is not publicly listed and is not a public-market trading target.
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
Stocks

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.


Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.