---
title: "Tesla, SpaceX Selloff Cuts Elon Musk's Paper Wealth by Up to $700 Billion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293787158.md"
description: "Elon Musk's paper wealth dropped by $650-$700 billion over five weeks due to declines in Tesla and SpaceX. SpaceX shares fell 16% below their IPO price, while Tesla missed earnings estimates and saw operating income drop 56.9%, causing a 14.5% stock decline. These events significantly reduced Musk's stake value, with short sellers gaining $15.5 billion on SpaceX."
datetime: "2026-07-24T18:22:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293787158.md)
  - [en](https://longbridge.com/en/news/293787158.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293787158.md)
---

# Tesla, SpaceX Selloff Cuts Elon Musk's Paper Wealth by Up to $700 Billion

Tesla (TSLA, Financials), the electric vehicle and energy company, and publicly traded SpaceX have erased an estimated $650 billion to $700 billion from Elon Musk's paper wealth in roughly five weeks.

SpaceX shares were trading near $113 Friday, about 16% below their $135 initial public offering price and roughly 50% below the stock's June 16 peak of $225.64.

The decline reduced the value of Musk's 42% economic stake in the aerospace company, though its dual-class share structure leaves him with about 82% of the voting power.

Tesla added to the losses after reporting second-quarter adjusted earnings of $0.33 per share, below the $0.50 consensus estimate. Operating income fell 56.9% from a year earlier to $398 million, while free cash flow turned negative as capital spending rose sharply.

Tesla shares fell 14.5% after the report, cutting an estimated $18.6 billion from Musk's wealth in one session.

SpaceX short sellers have accumulated about $15.5 billion in paper gains as bearish positions expanded.

Investors will now watch SpaceX's first public earnings report, the expiration of insider lockup restrictions and the next Starship test flight.

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