When the spaceship Landing, the train couldn't run off, "Elon Musk," $400 billion in assets fell.

June 2026 will be the memorable month of "Elon Musk" when he can make a new history of the IPO by bringing "SpaceX" to the stock exchange with the most IPO value of all time at about $1.77 million.

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Everything seems to be in the way of the current number one billionaire in the world with a maximum property value of $1.1 trillion, but then in July the same year, maybe the month that Elon Musk doesn't want to remember.

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Because since SPCX passed its IPO, from a peak price of US $225 per share, the price of SPCX has plummeted to US $116 per share. The value has lost nearly 50%, and the outlook for SPCX remains unclear until earnings are reported.

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To be honest, the market did not expect SPCX to be profitable in the first quarter after entering the stock exchange, because the market already predicted that SPCX would be profitable for a year, but the market was worried about whether SPCX would lose more.

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The end of SPCX, which is still a ghost child, can't see direction. Another stock that used to be the hope of Elon Musk like Tesla doesn't look as fresh, because reporting second quarter 2026 results makes investors sigh.

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TSLA reported Q2 revenue of US $28.2 billion, up 26% year-over-year, slightly higher than analysts had expected, but the concern was that its profits were significantly weaker than expected.

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Operating income fell to less than $400 million. Operating margin fell from 4.1% a year earlier to just 1.4%. Of course, earnings per share (EPS) will be pressed below analysts' estimates.

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Although revenue is growing strongly, profitability has declined dramatically, reflecting that the company is entering a period of massive investment for the future, at the expense of short-term profits.

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Another worrying figure is that TSLA had a negative Free Cash Flow for the first time in several quarters because the company spent a huge amount of Capital Expenditure.

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Investment expenses rose to nearly $6 billion in a single quarter, resulting in more cash outflows than the cash generated from operations, and that also caused TSLA stock prices to swipe down over 20% in a single month.

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The "Honeymoon Period," Elon Musk, began and ended in just over a month. Elon Musk's wealth fell to $7.44 billion, lost nearly $400 billion, or more than a third of it in a month.

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Neither SPCX nor TSLA are stocks that have no potential, but the market is finding the right spot to give the stock a price. The principle of the essence of investing that "the stock price, whether it is cheap or expensive, will always run towards the right value" is always valid.

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But it would be hard to tell where the proper point of both TSLA and SPCX lies.

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# Elon Musk # SpaceX # Tesla # Stock America # Technology stocks# Results