Next Trillionaire after Musk: The shares of Elon Musk’s tech company SpaceX saw a decline of 16.4% on Monday and the share price fell to $ 155. Due to this the owner of the company suffered a loss of 350 billion dollars.

According to Forbes, his estimated net worth has now dropped from an all-time high of $1.45 trillion to just under $1.1 trillion. However, despite losing billions of dollars from his net worth, Elon Musk still maintains his title of the world’s richest person and the first trillionaire. Despite constant ups and downs, Musk remains unmatched in the real-time billionaires list. Forbes has named Google’s Larry Page as the second richest person in the world, whose estimated net worth is $286.5 billion.

What is the prediction about the next trillionaire?

Meanwhile, traders at Prediction Markets have predicted that Mark Zuckerberg, the seventh richest man in the world, has the highest chance of becoming the next trillionaire at 32%. At the same time, Nvidia CEO Jensen Huang is in second place with 21% chances of becoming the next trillionaire.

According to a CNBC report, speculators on prediction market platform Kalshi estimate that the man ranked seventh in the Forbes list of the world’s richest men has the highest chance (32%) of becoming the world’s next trillionaire after Elon Musk, while his current estimated net worth is just under $200 billion. This person is Mark Zuckerberg, CEO of Meta. Let us tell you that Zuckerberg’s wealth is currently around 189 billion dollars. In such a situation, to reach 1 trillion dollars, they will have to increase their wealth five times.

Nvidia’s CEO is ranked 8th in the Forbes list. His wealth is approximately 166 billion dollars. Traders are considering them as the next big contender due to the increasing demand for AI chips and Nvidia’s dominance in the chip market.

Who is at number three?

After Zuckerberg and Jensen Huang, Dell Technologies CEO Michael Dell is in third place with 6% probability. According to CNBC, he is placed far below Meta’s CEO in traders’ estimates. However, his net worth ($240 billion) is much higher than those with better prospects.

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Elon Musk: The shares of Elon Musk’s company SpaceX have been falling for the last three consecutive days. On Monday also the company’s shares crashed by 16.4% and closed at $154.60. Due to this huge selling of shares, the company has suffered a loss of 600 billion dollars (about 50 lakh crores) in just three days. After touching its all-time high ($201.80) on July 16, the stock has fallen 31.5% from its peak.

Why are SpaceX shares falling?

According to Bloomberg report, the company’s new bond sale plan is considered to be the biggest reason for the decline in its shares. SpaceX said that to fund its big projects related to Artificial Intelligence (AI) and space, it is going to raise debt of more than 20 billion dollars by selling bonds.

Due to this huge borrowing by the company for investment in business, investors got scared thinking that the debt burden on the company would increase significantly. Meanwhile, rating agency MSCI has given the company its lowest rating of ‘CCC’ considering its corporate governance and environmental risks. Due to this, rapid selling of shares started.

Stampede in Wall Street

Yesterday, after SpaceX got CCC rating, not only the company’s shares fell, but an atmosphere of ‘panic selling’ was created in the entire tech sector. Big hedge funds started selling up to 4.5-5% in tech firms like Alphabet and Meta. Due to this the Nasdaq index crashed badly.

Company owner Elon Musk has also received a big blow from this. In just one day, 152 billion dollars (about Rs 12.5 lakh crore) decreased from his total wealth. However, despite such a huge decline, Musk still remains the world’s only trillionaire and the richest person with $1.1 trillion.

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Elon Musk Networth: Aerospace sector giant SpaceX has been listed in the American stock market Nasdaq. This IPO has broken all the records of Wall Street and global corporate history so far.

SpaceX has raised a record $75 billion (about Rs 6.4 lakh crore) from the market through IPO. Earlier, the record of bringing the largest IPO in the history of the world was in the name of oil company ‘Saudi Aramco’ ($29.4 billion), which was destroyed by SpaceX by more than double the margin.

Tremendous jump of 19%

The issue price of the company was $135 per share. Immediately after listing, there was a tremendous rise of 19% and it closed above $160. With this bumper listing, the total market cap of SpaceX crossed $ 2 trillion (about Rs 170 lakh crore).

Now SpaceX has joined the club of trillion-dollar companies like Apple, Microsoft, Nvidia. After this IPO, Musk’s total net worth has now reached an unprecedented level of 1.1 trillion dollars (about 94.6 lakh crores). With this, Musk has now become almost three times richer than the world’s second richest person, Google’s Larry Page.

How much richer is Musk than Ambani-Adani?

Elon Musk’s wealth is about $ 905 (about Rs 77.8 lakh crore) more than the total wealth of India’s two richest tycoons – Mukesh Ambani and Gautam Adani. Gautam Adani is ranked 11th in the list of the world’s richest people on the Bloomberg Billionaires Index. Mukesh Ambani is the 23rd richest man. Where Adani’s wealth has crossed the figure of 112 billion dollars.

At the same time, Mukesh Ambani’s wealth is 83 billion dollars. According to this, Musk alone is about 8 times richer than Gautam Adani. The difference between the wealth of the two is approximately 988 billion dollars or 85 lakh crores. Similarly, Musk’s total wealth is almost 10 times more than Mukesh Ambani, this difference is 1017 billion dollars or 87.5 lakh crores.

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SpaceX IPO Listing: Musk created history with the bumper listing of SpaceX, became the world’s first trillionaire.