# Fortune

Type: Company

Source: Startup Intelligence Brief — https://getstartupbrief.com/entity/fortune-company
Canonical HTML page: https://getstartupbrief.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)

### SpaceX's $2T IPO Drops 31% in 11 Days: A Startup's Cautionary Tale
2026-06-28 09:07:55 · Sentiment: Strongly negative · Impact: 7/10 · Sources: 11

SpaceX's massive IPO has turned into a volatility rollercoaster, with shares down 31% from peak just 11 days later, providing a stark lesson for startups and VCs about public market risks and lockup periods.
Full story: https://getstartupbrief.com/story/spacex-ipo-31-percent-drop-startups

### Badge Secures $17.1M from Stripe to Build Next-Gen Digital Wallets
2026-02-19 12:40:28 · Sentiment: Positive · Impact: 6/10 · Sources: 2

Digital identity startup Badge has closed a $17.1 million funding round with strategic backing from payments giant Stripe. The capital will be used to develop infrastructure for the next generation of digital wallets that merge identity verification with seamless transaction layers.
Full story: https://getstartupbrief.com/story/badge-17m-funding-digital-wallets-stripe

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This page is a machine-readable summary. Sentiment measures the directional read of each development for this entity, not the tone of the reporting; impact weights consequence, not syndication reach. See https://getstartupbrief.com/guides/methodology for the full editorial methodology.