Musk Loses Trillionaire Crown

Elon Musk just pulled off a double whammy: SpaceX’s IPO hit the market with a bang, opening at $150 a share and soaring to a $1.77 trillion valuation—briefly crowning Musk the world’s first trillionaire. But the euphoria was short-lived. As tech stocks wobbled, SpaceX shares slipped, slicing Musk’s fortune back under the trillion mark. The stakes? Investors are watching whether SpaceX’s big bets on AI and Starlink will be enough to justify sky-high hopes, especially with the company burning through $4.9 billion last year while aiming for nearly $19 billion in revenue.

But here’s the catch: a merger between Tesla and SpaceX suddenly feels more real. SpaceX president Gwynne Shotwell floated the idea, and there’s already deep collaboration—shared chip fabs, Tesla Megapacks powering launches, and even Cybertrucks on site. If the two companies unite, Musk’s empire could bring AI, energy storage, and space under one roof. Yet risks are piling up, from lawsuits over xAI’s data centers and deepfake scandals to environmental and regulatory headaches. And with a crucial lockup expiration looming, early investors could add more volatility if they cash out.

Featuring insights from Al Jazeera, Business Insider, Fortune, Reuters, and WIRED.

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