Elon Musk loses $152 billion in one day, trillionaire status at risk
By Aboki Forex —
The world's first trillionaire, Elon Musk, saw his fortune crash by $152 billion on Monday, June 22, 2026. The reason was a sharp 16.43% drop in SpaceX shares. The aerospace giant was recently listed on the stock market.
Musk's net worth fell from $1.28 trillion on Friday, June 19, to about $1.08 trillion. He is still the richest person in the world. But analysts say his trillionaire status may not last if SpaceX shares keep falling.
The selloff hit technology stocks hard. Investors are worried about high valuations and future earnings. SpaceX had enjoyed strong demand after its listing. Now it is one of the biggest losers in the market correction.
The downturn also affected Nigeria. Aliko Dangote, Africa's richest man, lost about $54.4 million on the same day. The Nigerian stock market shed over N2 trillion in value. Dangote Cement shares fell on the Nigerian Exchange.
Market watchers say the losses show how fast billionaire wealth can change. They warn that sustained weakness in SpaceX could reshape global rankings in the months ahead.