Shares of SpaceX dropped 6.2% as of Wednesday afternoon, a reversal from the nearly 12% jump over the three previous trading sessions. Another decrease in SpaceX’s share price cut Musk’s net worth by $59 billion to $994.

Musk's designation as the world's first trillionaire is based on dubious Wall Street math.

Elon Musk is back in his favorite tax bracket: unimaginable.

The SpaceX IPO minted 4,400 millionaires, including welders and cafeteria workers. That's not a case for a wealth tax. It's a case against one.

SpaceX’s post-IPO swings pushed Musk back below $1 trillion. The line may keep moving.

Musk's fortune fell alongside SpaceX shares.

Zohran Mamdani, NYC mayor, reacts to Elon Musk's trillionaire status following SpaceX IPO, pushing for higher taxes on the wealthy.

Democrats are sharpening their attacks against Elon Musk, zeroing in on his soon-to-be-trillionaire status before his company SpaceX’s initial public offering.

Elon Musk celebrated SpaceX’s historic Wall Street debut and his new status as the world’s first trillionaire by partying with the employees who built the company's meteoric success.

Elon Musk is the world's richest person and first trillionaire. Most of his net worth now comes from his shares in SpaceX and Tesla.