Fortune in Flux: Musk's Net Worth Slumps as Tesla–SpaceX Merger Talks Roil Markets

Elon Musk’s net worth has fallen by about $684 billion from its peak as Tesla and SpaceX shares retreat amid merger rumors, with Tesla down roughly 37% from its yearly high and SpaceX’s market cap sliding toward $1.4 trillion after a drop from an all-time high. The report highlights Musk’s consideration of merging SpaceX with Tesla (and potential spinoffs of Tesla’s China operations), while noting that investors have increasingly favored separating conglomerates, a trend echoed by past corporate breakups and major earnings tests for SpaceX.