Musk calls himself 'former trillionaire' as SpaceX stock falls 50%

Elon Musk confirmed he is now a "former trillionaire" after SpaceX shares, which briefly made him the world's first trillionaire post-IPO, fell nearly 50% from their all-time high. The decline, coupled with a recent drop in Tesla shares, has also reduced Musk's net worth. His wealth had hit a peak of $1.45 trillion, which has now dipped to $719 billion.