Economic TimesLean R·
Elon Musk loses nearly half of his wealth as SpaceX shares crash 46%. More downside ahead?
After briefly becoming the world’s first-ever trillionaire last month, Elon Musk has now lost nearly half of his wealth as shares of SpaceX crashed 46% from its peak following the company's mega market debut.Musk’s wealth peaked at around $1.33 trillion on June 16, when SpaceX shares soared to a lifetime closing high of nearly $202 apiece. However, as the shares crashed, Musk’s net wealth dropped to $684 billion, Bloomberg reported. Notably, the over $600 billion wealth erosion is higher than a…
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