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

2026-07-19 08:52

Odaily Planet Daily News: As SpaceX's stock price fell, some traders began betting on further declines through short selling or other bearish strategies. After four consecutive trading days of decline, SpaceX's stock price officially fell below the issue price of $135. From its historical peak, SpaceX's cumulative decline has exceeded 40%, with its market value evaporating by more than a trillion dollars. Musk's wealth has also shrunk by over $250 billion in the past month. (Financial Times)