Elon Musk's net worth has dropped by an estimated $350 billion after SpaceX shares tumbled more than 30% from their post-IPO peak, wiping out nearly $1 trillion in market value. Concerns over valuation, debt-funded expansion, AI spending and broader tech weakness have fuelled the sharp correction.
Elon Musk's net worth has plummeted by $350 billion. This significant drop follows a more than 30% tumble in SpaceX shares from their post-IPO peak, erasing nearly $1 trillion in market value. Concerns over high valuation, debt-funded expansion, hefty AI spending, and broader…
Market Samachar is a news aggregator. This article was originally published by Markets-Economic Times. Tap the button above to read the full story on their site.