the appropriate process, but told Reuters that had he been asked the day before, he would have put the odds at 80%.What Happens Next for SpaceX and Musk's FortuneThree dates now hang over the story. SpaceX reports its first quarterly results as a public company on August 4. Two days later, the lockup expiry opens the d
The elon musk trillion dollar deal chatter now swirling around Wall Street traces back to a brutal five week stretch for SpaceX stock and a matching collapse in Tesla's quarterly numbers, a combination that has erased hundreds of billions from Musk's fortune even as he floats combining his two biggest companies into one.
Space Exploration Technologies, trading under the ticker SPCX on the Nasdaq, went public on June 12, 2026 in a $75 billion initial offering priced at $135 a share. The stock rocketed to an all time high of $225.64 just four days later, then reversed hard. As of Friday's close, SPCX sits at $112.96, down 4.47% on the day, 16% below its IPO price and roughly half its peak level. Musk's 42% economic stake in the company has taken the hit alongside every other shareholder, even though his dual class shares still give him about 82% of the voting power through his Revocable Trust and the EM 2024 GRAT A trust, according to a June 17 SEC filing.
How the Elon Musk Trillion Dollar Deal Talk Emerged From a Wealth Wipeout
The Bloomberg Billionaires Index shows Musk's net worth falling from a June 16 peak of $1.45 trillion to about $738 billion by the July 23 close, a drop of roughly $650 billion to $700 billion in five weeks. That collapse is the backdrop for renewed speculation about a Tesla SpaceX merger, an idea Musk himself has stoked rather than dismissed.
Two events did most of the damage. On July 16, a Starship engine failure scrubbed a planned launch, sending SPCX down more than 4% in extended trading and costing Musk over $45 billion in paper wealth by one estimate. Then on July 23, Tesla reported a second quarter that missed on nearly every line. Non GAAP earnings per share came in at $0.33 against a $0.50 consensus, a miss of more than 30%. Operating income fell 56.88% year over year to $398 million, squeezing margins to just 1.4%. Free cash flow turned negative $1.09 billion as capital expenditure jumped 141.81% to $5.79 billion. Tesla shares dropped 14.52% that day, their worst single session since June 5, 2025, and shaved another $18.6 billion off Musk's fortune.
Valuation, Short Interest and the SpaceX Stock Picture
SPCX does not yet carry a standard price to earnings ratio, dividend yield or a full year of trading history since it only listed in June 2026, so traditional valuation and momentum gauges like RSI are thin on public data at this stage. What is measurable is the scale of bearish positioning: short sellers have built roughly $15.5 billion in paper profits, and short interest has climbed to about a third of the public float, based on a July 21 analysis. Musk warned short sellers on social media that their odds of survival were
