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Verilumia

The Daily Verified Briefing

Markets

Musk net worth drops below $700 billion after SpaceX decline

Published 29 July 2026

Elon Musk has lost hundreds of billions of dollars in net worth over the past month, ending his brief status as the world's first trillionaire. The dramatic decline, one of the largest ever recorded for an individual, is primarily tied to a sharp drop in the value of his aerospace company, SpaceX, following its initial...

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