Elon Musk has ceased to be a trillionaire, according to the Bloomberg Billionaires Index, due to significant drops in the stock values of both SpaceX and Tesla. The decline in share prices has resulted in a loss of over $150 billion from his net worth. This shift occurred as of June 25, 2026, with Bloomberg updating its wealth rankings at 5:30 PM New York time. The news marks a reversal of fortune for Musk, who previously held the distinction of being the world’s first person to surpass a $1 trillion valuation. The exact reasons for the stock slump were not detailed in the initial report. This change impacts Musk’s position among the world’s wealthiest individuals. Further analysis will be needed to determine the long-term effects of this market adjustment.