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CNBC

Elon Musk stocks take $1.5 trillion hit with fresh test in SpaceX lockup ahead

Tuesday, July 28, 2026


Tesla and SpaceX stocks declined following market movements in January 2026. Musk's net worth, largely tied to his equity stakes in both companies, reflected the stock price changes. The decline occurred as SpaceX approached the end of a lockup period restricting insider stock sales.

Original reporting: https://www.cnbc.com/2026/07/28/elon-musk-stocks-take-1point5-trillion-hit-with-fresh-test-in-spacex-lockup-ahead.html

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