Elon Musk loses trillionaire status as SpaceX and Tesla stock drops

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The Guardian

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Elon Musk loses trillionaire status as SpaceX and Tesla stock drops

Falling shares push tech mogul back down to billionaire ranks after SpaceX IPO made him world’s first trillionaire Elon Musk was no longer a trillionaire by the time markets closed on Wednesday. Plunging shares in Tesla and SpaceX dragged the tech magnate down to billionaire status. As of 4pm ET, Forbes listed Musk’s net worth as $970.2bn. Musk reached trillionaire status on 12 June after SpaceX’s historic initial pu…

24 Jun, 20:02

Guardian Business

Elon Musk’s trillionaire status at risk after drops in SpaceX and Tesla’s shares – business live

Rolling coverage of the latest economic and financial news Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Elon Musk could soon be down to his last thousand billion dollars, after the share price of his recently floated SpaceX came under pressure this week. SpaceX might have seemed charmed after its record-breaking IPO and subsequent rally, but it’s come dow…