Elon Musk’s net worth declines significantly after a broad selloff affecting SpaceX shares. Multiple outlets report that over roughly the past week, Musk loses about $350 billion in estimated net worth as SpaceX’s share price falls during a wider tech-market selloff. Forbes and other reports attribute the scale of the decline to a large reduction in SpaceX’s market value, describing an overall wipeout of roughly $900 billion in market capitalization tied to the selloff. The South African similarly describes the drop in Musk’s fortune and frames it as the result of SpaceX investors selling their holdings. Sky News adds that the reduction is reflected in the slump in SpaceX share prices, citing a $350 billion figure and providing a UK-pound equivalent estimate. Despite the losses, the articles note Musk remains extraordinarily wealthy and continues to be described as a “trillionaire,” meaning his net worth remains above that level even after the decline. The coverage focuses on the impact of the SpaceX stock move on wealth estimates rather than on any specific change in company fundamentals.