Elon Musk’s Net Worth Drops $350 Billion In Massive SpaceX Selloff—But He’s Still A Trillionaire

SpaceX Shares Slide As Cash Questions Hit The Stock

(New York, New York) – SpaceX-linked shares came under pressure Monday, sliding after an early run that had made the company one of the most closely watched names in the market. The selloff is being driven by a familiar question for high-growth space companies: how much cash is needed to keep building rockets, satellites, launch capacity, and next-generation systems at the same time. Even a company with major government contracts and a powerful …

Elon Musk’s Net Worth Drops $350 Billion In Massive SpaceX Selloff—But He’s Still A Trillionaire

A selloff for Musk’s rocket maker wiped out roughly $900 billion in market value.

Elon Musk loses $100 billion as SpaceX shares tumble

Elon Musk, the world's first and only trillionaire, has seen close to $100 billion in paper wealth evaporate in a matter of days as shares of SpaceX, the rocket company whose record-breaking initial public offering made him history's richest person, have fallen sharply from their post-listing highs on fears about a massive new debt issuance and concerns that the stock's opening week frenzy had disconnected its price from any credible fundamental…