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SpaceX stock fell ~49% from its IPO peak, cutting Musk’s wealth by $58 billion; Tesla also slipped 8% after earnings.
Elon Musk’s net worth shrank by $58.2 billion on Tuesday as SpaceX shares slid to about $115, a 49% drop from their post‑IPO high, while Tesla stock fell roughly 8% after a disappointing earnings report [1][2].
| At a glance | |
|---|---|
| SpaceX share price | $115 (≈49% below IPO peak) |
| Tesla pre‑market move | –8% after Q2 earnings |
| Musk’s net‑worth change | –$58.2 billion to $941.2 billion |
| SpaceX ownership stake | 4.8 billion shares + 350 million options |
Tesla’s second‑quarter earnings missed Wall Street forecasts, prompting an 8% pre‑market decline despite the company’s broader push into energy storage, AI, and robotics [1]. The earnings miss underscored investors’ growing view of Tesla as a diversified tech platform rather than a pure‑play EV maker. Meanwhile, SpaceX’s post‑IPO trajectory turned sharply negative: after debuting at $135 and briefly peaking at $225, the stock settled near $115, erasing nearly half of its initial value in weeks [1]. The plunge coincided with a 7% dip on Tuesday, pushing the price below its debut level [2].
Elon Musk has repeatedly hinted at possible synergies between Tesla and SpaceX, noting overlapping work in AI, communications, and the Terafab chip venture [1]. Analysts see strategic logic in a combination, but also flag antitrust scrutiny and shareholder approval as major obstacles [1]. Some brokers, such as Raymond James, have set aggressive price targets for SpaceX—$800 per share, implying a valuation above $10 trillion—yet acknowledge the speculative nature of a merger and the regulatory path ahead [2].
Both companies are transitioning from legacy businesses to broader technology platforms. Tesla continues to allocate capital to autonomous driving, humanoid robotics, and manufacturing automation, while SpaceX expands Starlink, AI infrastructure, and launch services [1]. This evolution suggests that valuation swings may present entry points for long‑term investors, but the ultimate upside hinges on execution across these new domains rather than on a potential merger alone [1].
The twin stock declines highlight how market sentiment can swing dramatically on earnings and IPO dynamics, while the broader strategic alignment between Tesla and SpaceX remains a long‑term narrative still awaiting regulatory and shareholder clearance.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jul 30, 2026 · How we report
As of September 11, 2026, Tesla owners can submit a claim online via the Tesla Idle Fee Class Action Settlement website or by mailing a printable form to the Settlement Administrator in Santa Ana, California.
To qualify, a Tesla owner must have received their vehicle in California before December 16, 2016, continued owning it after that date, and been a California resident as of June 21, 2021, while also having purchased a vehicle specifically listed as Supercharger Enabled or Hardware.
The deadline for eligible Tesla drivers to file a claim is September 25, 2026.
Tesla charges idle fees at Supercharger stations only when the station is at 50% capacity or higher, providing a 5-minute grace period after charging completes before fees begin to accrue.