Elon Musk Just Lost His Trillionaire Status, as SpaceX and Tesla Stocks Plummet. Should Investors Buy the Dip?

Elon Musk is nary longer a trillionaire. The world's richest antheral had go the world's archetypal trillionaire aft the record-setting IPO of Space Exploration Technologies (NASDAQ:SPCX) connected June 12.

But a sell-off successful SpaceX stock, combined with an adjacent deeper driblet successful caller days successful his different company, Tesla(NASDAQ:TSLA), pushed Musk backmost into the onshore of specified billionaires little than 2 weeks later. According to the Bloomberg Billionaires Index, Musk's full nett worthy arsenic of June 24 was $946 billion.

Missed Nvidia successful 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" awesome flashed for a little-known chipmaker called Nvidia. For the archetypal clip successful years, that aforesaid "Total Conviction" awesome is flashing for a institution 1/100th the size of Nvidia. Continue »

But don't consciousness excessively atrocious for Musk -- helium inactive has $650 cardinal much than Alphabet co-founder Larry Page, who is No. 2 connected the list. And Musk has made $326 cardinal this twelvemonth alone, which is much than the nett worthy of anyone other successful the world.

Image source: The Motley Fool.

Odds are that Musk volition regain his trillionaire presumption astatine immoderate point. But successful the meantime, the dip successful SpaceX and Tesla warrants investigation. Are either of these stocks a bargain present astatine reduced prices, oregon tin investors expect adjacent much volatility?

SpaceX is the biggest IPO successful past

SpaceX had a historical IPO this month. It sought to rise a record-setting $75 cardinal successful its archetypal nationalist offering and past topped that arsenic underwriters exercised their "greenshoe" overallotment options, bringing the last fig to $85.7 billion. The institution says it identified a full addressable marketplace (TAM) of $28.5 trillion, with $26.5 trillion of that coming from AI.

SpaceX has 3 superior businesses. It's possibly champion known for its rocket-launching business, which has truthful acold completed much than 660 missions and deploys reusable rockets connected astir of them. Then there's the Starlink outer business, which is SpaceX's lone profitable task to date. Starlink employs a web of much than 9,600 satellites successful low-Earth orbit to supply mobile connectivity and net entree to agrarian and underserved communities.

AI, which includes the Musk-owned xAI that was absorbed by SpaceX earlier this year, is the astir ambitious of the 3 businesses. It houses Grok, the company's ample connection exemplary and chatbot, and X, the societal media level formerly known arsenic Twitter. The institution lays retired an ambitious program to conception a immense AI computing infrastructure, starting connected Earth but yet extending into space.