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• Kalshi posted real-time news on July 27, 2026, noting Elon Musk’s roughly $600 billion net worth decline over the month, driven by sharp drops in SpaceX shares (down ~40-50% from June post-IPO highs) and Tesla stock amid a broader tech sell-off. • Musk briefly became the first trillionaire in mid-June 2026 after SpaceX’s IPO, peaking near $1.3-1.45 trillion before a rapid reversal erased hundreds of billions in paper wealth within weeks. • Despite the loss, Musk remains the world’s richest individual by a wide margin, with estimates placing his net worth around $700-800 billion, tied primarily to his stakes in SpaceX and Tesla.