SpaceX Stock Crashes: Elon Skeptics Out in Force

Elon Musk’s net worth fell by roughly $750 billion in six weeks, dropping him from a peak of $1.45 trillion to around $695 billion, according to Forbes. That is nearly the combined net worth of Larry Page, Sergey Brin, and Jeff Bezos. Musk himself posted the words “former trillionaire” on X. The host of The John Johnston Lounge uses this as a jumping-off point to round up recent developments at SpaceX and Tesla, reacting to videos from three other creators—AI expert El, Eli the Computer Guy, and Chris Nortland—who have been making similar arguments about Musk’s companies.

The scale of the wealth destruction

The host emphasizes that losing $750 billion in six weeks is not just a bad quarter; it is historically unprecedented. To visualize it, he says you would have to leave a briefcase filled with $100 million on the roof of your car every four minutes for six weeks straight. The loss was driven by a collapse in SpaceX’s stock price, a disastrous earnings call, and the commercial failure of the Cybertruck, which the host calls “a bigger commercial failure than the Edsel.” He also points to an interview where a journalist asked Musk if he understood why people loathe him, and Musk spent the next four days proving her point.

SpaceX’s cash burn and the trillion-dollar revenue claim