Elon Musk no longer a trillionaire as AI bubble pops and SpaceX crashes

On Friday 12 June, Elon Musk became the world’s first trillionaire. He achieved this on the back of his company SpaceX going public, despite said company not being profitable. This has inevitably led to the following: JUST IN: SpaceX lost $1 trillion in market cap since last week — Kalshi (@Kalshi) June 23, 2026 Oh, […] By Willem Moore