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How did Elon Musk lose $600 billion as soon as he got them? Will he ever actually be a trillionaire?
Jul 26, 2026
< 1 min read
by Jai Hamid
for CryptoPolitan
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AI Overview
Elon Musk did not lose $600 billion from a bank account; most of his wealth is equity-based and briefly exceeded $1.3 trillion after SpaceX (NASDAQ: SPCX) surged on its public listing. When SPCX later fell roughly 50% from its peak the paper value of his stake declined substantially, a market-movement that can influence investor sentiment in equities and crypto markets but is not a direct token or DeFi event.
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Elon did not lose $600 billion from a bank account. The number vanished because most of his fortune sits in shares. When SpaceX (NASDAQ: SPCX) jumped after its public listing, the value of his stake pushed his estimated wealth above $1.3 trillion. When the stock later fell by half from its highest price, that paper...
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In This News
Coins
$ 116.36
+2.65%$ 116.22
+2.42%Funds
Predictions Markets
See what traders are focused on
Share: