American businessman Elon Musk lost his trillionaire status after Tesla and SpaceX stock prices fell sharply on June 24. He is now worth $957 billion, according to the Bloomberg Billionaires Index.. Business Insider reports this. As you know, Musk became a trillionaire earlier this month, immediately after SpaceX's historic initial public offering, which valued the rocket company at more than $2 trillion.. The company's shares rose for days, and retail investors eagerly invested in hopes of realizing the company's sci-fi promises.. But SpaceX shares fell sharply this week.. They closed Tuesday at around $156, down more than 30% from the day's peak of $225 on June 16, although that's still up from the $150 the stock started trading at on June 12.. Technology stocks have fallen in recent days amid concerns about an artificial intelligence bubble and rising interest rates.. Some analysts have questioned SpaceX's extremely high valuation and its ambitious goals, from building data centers in space to landing humans on Mars.. The future end of the share blocking period, when the first investors and shareholders will be able to sell their stakes, will be a serious test. The rocket company remains Musk's most valuable asset.. As of Tuesday, his shares were worth $744 billion and accounted for nearly 80% of his net worth, according to Bloomberg.. His $158 billion Tesla stake was also hit by the selloff.. Musk's net worth still significantly exceeds that of the second richest, Google co-founder Larry Page..

By comparison, the difference between them—roughly $660 billion—is equivalent to the wealth of more than two Jeff Bezoses.. Earlier it was reported that Musk has officially become a figure whose capitalization exceeds the market value of Bitcoin. His personal wealth hit a record $1.4 trillion, surpassing Bitcoin's total market capitalization for the first time after a massive one-day gain driven by a rally in SpaceX shares. News from Telegram and WhatsApp. Subscribe to our channels https://t. me/korrespondentnet and WhatsApp.