Musk's wealth has shrunk by over $250 billion in the past month

Odaily reports that as SpaceX's stock price has declined, some traders have begun betting on further downside through short selling or other bearish strategies. After falling for four consecutive trading days, SpaceX's stock price has officially broken below its issuance price of $135. From its historical high, SpaceX's cumulative decline has exceeded 40%, with its market capitalization evaporating by over $1 trillion. Musk's wealth has also shrunk by more than $250 billion over the past month. (Financial Times)