How Elon Musk Lost Almost Half of His Fortune in a Few Weeks
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The richest man in the world has just experienced one of the most spectacular declines in the history of finance. According to the Billionaires Index of the Bloomberg agency, Elon Musk's fortune has grown from 1,330 billion dollars to about 684 billion dollars in the space of six weeks — a fall of nearly 650 billion dollars, while preserving him, and by far, his place as the world's first fortune. Everything started from a major financial event:…
SpaceX's recent spectacular IPO has been followed by a massive downturn. Since mid-June, the aerospace giant's stock price has plummeted 46%, falling from a peak of $201.80 to a modest $108. Against this backdrop, Elon Musk's total net worth, according to Fortune, has fallen from a record $1.33 trillion to $684 billion, a loss of over $600 billion. The post "Elon Musk Loses Over $600 Billion and Almost Half of SpaceX's Value After Claims 'Money …
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