{
  "id": 1519488,
  "title": "Elon Musk Is $142 Billion Short Of A $1 Trillion Net Worth",
  "url": "https://urgent.news/2026/08/17/elon-musk-is-142-billion-short-of-a-1-trillion-net-worth",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-17T16:37:49.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/elon-musk-142-billion-short-163749187.html"
  },
  "original_language": "en",
  "account": "Elon Musk's net worth has fallen to $858 billion, leaving him $142 billion short of reaching the $1 trillion mark. This decline comes after his net worth peaked at $1.1 trillion in June. SpaceX's stock has experienced volatility since its IPO on June 12, with its price ranging from $104.83 to $225.64. The company reported a 92% year-over-year revenue growth but faced criticism for spending $18.4 billion on capital expenditures, nearly seven times more than the previous year. Tesla, Musk's other major company, has seen a 24% year-to-date drop in stock value, trailing the S&P 500's 14% gain. Musk owns a significant stake in both SpaceX and Tesla, giving him control over SpaceX and a substantial influence on Tesla's direction. Despite the challenges, SpaceX's AI division continues to receive investment, aiming to build out data centers.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}