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Easy come, easy go: Elon Musk loses trillionaire status as SpaceX stock falls
By Alex Baker at KRON4 (KRON-TV)
· June 25, 2026
· 1 min read
(KRON) -- He may still be the world's richest man, but one thing Elon Musk is not at the moment is a trillionaire. That's according to the latest Bloomberg Billionaires Index, which lists the Tesla CEO and SpaceX founder's total net worth as $946 billion. That's down from Musk's net worth's high-...
Key takeaway That's according to the latest Bloomberg Billionaires Index, which lists the Tesla CEO and SpaceX founder's total net worth as $946 billion.
Why this matters in The San Francisco
As the value of SpaceX stock fluctuates, San Francisco residents may wonder how this shift affects the local economy. With SpaceX having a significant presence in the Bay Area, changes in the company's valuation can have a ripple effect on the regional job market and business landscape. Although Elon Musk's net worth has decreased, his status as a major player in the tech industry remains unchanged, and his companies continue to drive innovation and investment in the area. The city's thriving startup scene and established tech giants like Tesla, which is also headquartered in the Bay Area, contribute to the region's reputation as a hub for entrepreneurship and technological advancement. As the tech industry continues to evolve, San Francisco will likely remain a key location for companies like SpaceX, and the city's economy will be closely tied to the fortunes of these businesses.
About this story
Original reporting by KRON4 (KRON-TV) . The San Francisco surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KRON4 (KRON-TV) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 25, 2026 ·
Source: KRON4 (KRON-TV) ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? (KRON) -- He may still be the world's richest man, but one thing Elon Musk is not at the moment is a trillionaire. That's according to the latest Bloomberg Billionaires Index, which lists the Tesla CEO and SpaceX founder's total net worth as $946 billion. That's down from Musk's net worth's high-...
When was this published? This article was first published on June 25, 2026 by KRON4 (KRON-TV) and curated for The San Francisco readers.
Who reported this story? This story was reported by Alex Baker at KRON4 (KRON-TV). To learn more about how The San Francisco selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The San Francisco, or browse our daily briefing and topic hubs .
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