Elon Musk Loses Trillionaire Status Amid Global Tech Rout
Elon Musk has lost his trillionaire status as a global tech rout impacted the value of his SpaceX and Tesla stock, erasing billions from his wealth. Despite the significant loss, he remains the richest person on Earth.
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Elon Musk loses trillionaire status as global tech rout hits SpaceX
Elon Musk lost his trillionaire status on Tuesday after a brutal global tech rout erased billions from his wealth.
Read full article →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 public offering. The rocket, satellite and AI company’s debut on the stock mark...
By Sanya Mansoor
Read full article →SpaceX seeing some interest from short sellers, but many still afraid to bet against Musk
About 40 million SpaceX shares are sold short, roughly 5% to 7% of the shares that are publicly available to trade, according to an estimate by S3 Partners.
Read full article →Elon Musk’s fortune slips after SpaceX sell-off – raising prospect he could lose trillionaire status
Continued weakness in SpaceX shares could threaten Musk’s wealth
By Simon English
Read full article →Elon Musk loses trillionaire status as SpaceX stock falls
Read full article →Elon Musk loses trillionaire status: Here's why his net worth fell
Elon Musk, once the world's first trillionaire, has seen his net worth dip below the 13-figure mark to $957 billion. A significant sell-off in Tesla and SpaceX shares, following SpaceX's IPO surge, has led to this decline. Concerns over an AI market bubble and potential interest rate hikes are contributing to the downturn in tech stocks.
By TOI BUSINESS DESK
Read full article →Elon Musk is the richest loser in the history of capitalism
The former trillionaire has made, and lost, more money than anyone on record
By Will Dunn
Read full article →Elon Musk loses trillionaire status as SpaceX stock falls, says money will ‘stop being relevant’ due to AI
Elon Musk loses trillionaire status after SpaceX shares fall, but says AI and robots could make money irrelevant in the future.
Read full article →Musk 'Poorer' By $363 Billion After SpaceX Wipeout, Loses Trillionaire Tag
According to the Bloomberg Billionaires Index, Musk's net worth has dropped to around $957 billion after reaching a record $1.32 trillion on June 16.
Read full article →Elon Musk loses trillionaire status as net worth drops
On 16 June, Mr Musk gave up $7.1 billion worth of his Tesla shares to cover the exercise cost of stock options awarded under his 2018 compensation package. The post Elon Musk loses trillionaire status as net worth drops appeared first on Premium Times Nigeria.
By Omotoyosi Idowu
Read full article →Elon Musk loses trillionaire status as global tech rout hits SpaceX
Tech entrepreneur Elon Musk lost his trillionaire status on Tuesday, less than two weeks after becoming the first person to achieve it following SpaceX's public debut, according to Bloomberg data.
By Abubakar Ibrahim
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