Elon Musk's net worth has reportedly decreased by approximately $350 billion in the past week due to a significant selloff of SpaceX shares, raising questions about his status as a trillionaire.

Elon Musk's net worth has reached a record $1.3 trillion following a significant increase in the share price of SpaceX, the aerospace company he founded. This surge in value marks a notable milestone for the South Africa-born entrepreneur.

Elon Musk's net worth has decreased by $118 billion, causing him to fall below the trillionaire status. This significant decline occurred in a single adjustment, according to Nairametrics.

Elon Musk is no longer a trillionaire following a decline in global technology stock prices, which resulted in a loss of $500 billion (£500 billion) in his wealth. This significant drop has affected his financial status, according to Global Publishers.

Asian shares rose on Thursday, driven by gains in the technology sector, particularly in Japan and South Korea, following positive earnings reports from U.S. companies like Qualcomm and Micron Technology. Meanwhile, oil prices decreased by over $1, nearing levels seen before the onset of the war with Iran. Qualcomm's stock experienced a 12% increase in after-hours trading after announcing a raise in its earnings forecast.

Asian stocks showed mixed results on June 24, 2026, following a significant sell-off in major technology stocks across Asia and Wall Street. U.S. stock futures also reflected mixed trading as global investors kept an eye on market developments in Japan and South Korea, which have recently experienced substantial gains.