# Fortune

Type: Company

Source: AI Intelligence Brief — https://getaibrief.com/entity/fortune-company
Canonical HTML page: https://getaibrief.com/entity/fortune-company

## Timeline

- **2026-06-24**: Trillionaire Status Lost — Bloomberg Billionaires Index confirms Musk's net worth at approximately $957 billion, ending his brief tenure as the world's first trillionaire.
- **2026-06-23**: SpaceX Stock Plunge — Shares close around $156, a decline of more than 30% from the peak, amid a broader tech sell-off. Musk's net worth falls below $1 trillion.
- **2026-06-12**: SpaceX IPO — Shares open at $150 and rally to an intraday peak of $225, valuing the company at over $2 trillion. Musk briefly becomes a trillionaire.

## Recent coverage (2 stories)

### Nvidia CEO: AI buildout to drive $7T capex boom for electricians and plumbers
2026-07-21 17:10:22 · Sentiment: Neutral · Impact: 5/10 · Sources: 2

While AI threatens white-collar jobs, its physical infrastructure demands are creating a windfall for skilled trades. Data center construction, projected to reach $7T in capital spending by 2030, is making electricians and plumbers automation-proof and highly paid.
Full story: https://getaibrief.com/story/ai-buildout-trades-demand-jensen-huang

### AI Bubble Fears Crater SpaceX Stock 31%, Stripping Musk's $1T Crown
2026-06-28 09:07:37 · Sentiment: Very Bearish · Impact: 7/10 · Sources: 11

Concerns over an AI bubble and rising interest rates triggered a tech sell-off that sent SpaceX shares plunging over 30%, erasing Elon Musk's trillionaire status and highlighting AI's growing market influence.
Full story: https://getaibrief.com/story/ai-bubble-fears-spacex-stock-musk-trillionaire

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