Musk falls below $1 trillion after SpaceX stock slide (opens in new tab)

Elon Musk fell back below the $1 trillion wealth threshold less than two weeks after SpaceX’s public-market debut made him the first person to cross it, as declines in SpaceX and Tesla shares cut the value of his paper fortune. Bloomberg’s Billionaires Index valued Musk at $957 billion on Tuesday, down from $1.11 trillion less than 14 days earlier, while Forbes listed him at $970.2 billion as of 4 p.m. ET on Wednesday. SpaceX listed on Nasdaq on June 12 at an IPO price of $135 a share and ope...