Elon Musk Loses $350 Billion in One Week as SpaceX Crash Triggers Biggest Wealth Loss Ever

Elon Musk Loses Record $350 Billion in a Week as SpaceX Valuation Crashes

Elon Musk has suffered the largest personal wealth loss ever recorded after a dramatic decline in the value of SpaceX wiped hundreds of billions from his fortune.

The billionaire entrepreneur saw his net worth plunge by an astonishing $350 billion (£264 billion) in just one week after SpaceX's valuation fell nearly 30 percent from its peak last Tuesday.

According to Forbes estimates, Musk's fortune dropped from an eye-watering $1.45 trillion to just under $1.1 trillion, marking one of the most significant wealth declines in financial history.

Despite remaining the world's richest person, the scale of the loss has shocked investors and analysts alike. To put the figure into perspective, Musk's $350 billion decline is greater than the entire fortune of the world's second-richest individual, Larry Page, whose net worth is estimated at just over $299 billion.

The unprecedented drop highlights how rapidly fortunes tied to high-growth technology and space companies can rise—and fall. While Musk still maintains a commanding lead among the world's wealthiest individuals, the latest setback underscores the volatility surrounding SpaceX's valuation and the broader technology sector.

The record-breaking loss is already being described as one of the most dramatic wealth swings ever experienced by a single person, reinforcing Musk's reputation as both the biggest winner and biggest loser in modern financial history.Suggested SEO Headline:

Elon Musk Loses $350 Billion in One Week as SpaceX Crash Triggers Biggest Wealth Loss Ever