Musk's Wealth Drops Over $250 Billion in the Past Month
According to the Financial Times, as SpaceX's stock price declines, some traders have begun to bet on further downturns through short selling or other bearish strategies. After experiencing four consecutive days of decline, SpaceX's stock price has officially fallen below its issue price of $135. From its historical peak, SpaceX's cumulative decline exceeds 40%, resulting in a market value loss of over $1 trillion. Musk's wealth has also shrunk by more than $250 billion in the past month.
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