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Updated 1d ago
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Elon Musk is the richest loser in the history of capitalism
Elon Musk is no longer a trillionaire after a decline in SpaceX and Tesla shares. SpaceX stock has dropped following its initial public offering, with some reports citing a 23% to 30% decrease from peak levels. A global tech sell-off contributed to the loss of his record-breaking wealth status.
What changed
Elon Musk has lost his status as the world's first trillionaire due to falling stock values.
Live updates
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Elon Musk Loses Trillionaire Status Following SpaceX Stock Slump
confidence 90%Elon Musk is no longer a trillionaire after a decline in SpaceX and Tesla shares. SpaceX stock has dropped following its initial public offering, with some reports citing a 23% to 30% decrease from peak levels. A global tech sell-off contributed to the loss of his record-breaking wealth status.
What's confirmed:
- Elon Musk lost his trillionaire status.
- SpaceX shares have declined following its initial public offering.
- A slump in both Tesla and SpaceX shares contributed to the decline in Musk's net worth.
- SpaceX stock is down 23% from its post-IPO high.
- SpaceX stock is down 30% since its debut.
Still unconfirmed:
- Elon Musk lost more than Warren Buffett's total worth in a single day.
- Credit agencies maintain a stable outlook on SpaceX's financial standing.