SpaceX’s valuation continues to slide, pushing Elon Musk’s net worth below $900 billion.

Driven by SpaceX's continuous share price decline, Elon Musk's net worth fell below the $900 billion threshold on Monday. SpaceX's share price dropped 3.8% on Monday to nearly $140, approaching its IPO price of $135. Tesla's share price fell 3% over the same period, and this round of market correction erased $37.9 billion from Musk's fortune, bringing his latest net worth to $879.3 billion. Despite the wealth shrinkage, Musk remains the world's richest person, ahead of Google co-founders Larry Page ($290.1 billion) and Sergey Brin ($267.6 billion). He holds 4.8 billion SpaceX shares, 350 million stock options, and approximately 700 million Tesla shares. Musk's net worth peaked at $1.45 trillion on June 16, when SpaceX's share price hit a historical high of over $225. Since then, the stock has fallen by more than 38% in total. Despite the weak stock performance, Wall Street analysts remain generally bullish on SpaceX. Raymond James set a price target of $800, implying a market capitalization of over $10 trillion. According to FactSet data, the average analyst price target is $236, with Arete Research at $401, Morgan Stanley at $300, and Goldman Sachs at $205. Raymond James analyst Brian Gesuale noted that SpaceX is "building a foundational platform for the next generation of industrial capacity."