[Musk's Net Worth Shrinks Significantly, But Still Exceeds $700 Billion] According to a report by Jinse Finance, since Space Exploration Technologies Corp.'s stock price hit a peak in June, Elon Musk's wealth has evaporated by approximately $650 billion as Tesla and SpaceX stock prices continue to decline. Despite the significant shrinkage in wealth, Musk's personal net worth still exceeds $700 billion. Investors are still watching to see if growth driven by artificial intelligence can support the currently high valuations.