news Cloud Billionaire 2026-07-27

Elon Musk's Fortunes Fall: SpaceX Stock Tumbles, Trillionaire Status Lost

Elon Musk has reportedly lost his 'trillionaire' status as SpaceX's stock price plummeted by nearly half following its recent IPO, and Tesla's value dropped over 18% in the past week. Investors are demanding results amidst volatile market conditions for Musk's ventures.

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