Woofun AI reports that Elon Musk's net worth declined below $90 billion on Monday, settling at $87.93 billion after a $37.9 billion reduction.

This shift was driven by a 3.8% drop in SpaceX stock to nearly $140, near its IPO price, and a 3% fall in Tesla shares.

Musk retains his position as the world's wealthiest individual, holding 4.8 billion SpaceX shares and 700 million Tesla shares. His wealth has decreased by over 38% from a peak of $1.45 trillion on June 16. Analysts remain optimistic, with Raymond James setting an $800 target price, while the average target stands at $236.