The AI Daily Brief · Thursday, July 16, 2026

SpaceX Stock Dips Below IPO Price; Elon Musk Loses Trillionaire Status

SpaceX's stock price fell below its IPO price for the first time, closing at $135.27, down 33% from its all-time high. This downturn has led to Elon Musk losing his trillionaire status.

tickerSPXpersonElon MuskcompanySpaceX

The tape

2 quotes

“On Wednesday, SpaceX traded down to $133, breaking through the $135 IPO price for the first time.”

“It did recover very slightly to close the day at $135.27, but the stock is now down 33% from its all time high and Elon Musk has lost his trillionaire status.”

Heard on The AI Daily Brief — “The New Enterprise Battle Over Who Owns the Model”, published Thursday, July 16, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.

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