[SpaceX Stock Price Continues to Decline, Musk's Net Worth Falls Below $900 Billion] BlockBeats News, July 14: Affected by the continued decline in SpaceX's stock price, Musk's net worth fell below the $900 billion mark on Monday. SpaceX's stock price dropped 3.8% on Monday, falling to nearly $140, close to its IPO issue price of $135. Tesla's stock price also fell 3% during the same period. This round of pullback wiped $37.9 billion off Musk's net worth, bringing it to $879.3 billion. Despite the decline in wealth, Musk remains the world's richest person, ahead of Google co-founders Larry Page ($290.1 billion) and Sergey Brin ($267.6 billion). Musk holds 4.8 billion shares of SpaceX and 350 million stock options, as well as approximately 700 million shares of Tesla. Musk's net worth peaked at $1.45 trillion on June 16, when SpaceX's stock price hit a record high of over $225. Since then, the stock has cumulatively fallen by more than 38%. Despite the weak stock performance, Wall Street analysts remain generally bullish on SpaceX. Raymond James has set a target price of $800, implying a market valuation of over $10 trillion. According to FactSet data, the average analyst target price is $236, with Arete Research setting a target of $401, Morgan Stanley $300, and Goldman Sachs $205. Raymond James analyst Brian Gesuale believes that SpaceX is "building the foundational platform for the next generation of industrial capacity." [Original Link]