Elon Musk has lost his status as the world's first trillionaire less than two weeks after achieving the milestone. His net worth dropped from $1.11 trillion to approximately $957 billion following a sharp decline in technology stocks on the U.S. market. The decrease was driven by falling share prices at SpaceX and Tesla, as investors grew skeptical about long-term AI profitability. SpaceX shares peaked at $225.64 before dropping over 30% to around $156. Musk maintains significant holdings in both companies, owning roughly 42% of SpaceX and 12% of Tesla. Despite the loss, he remains the wealthiest person in the world by a substantial margin. Further declines are possible as SpaceX employees prepare to sell shares in late July. However, a modest 6% increase in stock value could restore his trillionaire status.