Topline
Elon Musk on Wednesday lost his trillionaire status as sliding SpaceX shares lowered his fortune by more than $50 billion, the latest stock decline for the rocket maker despite newfound optimism from one of the best-known analysts of Musk’s Tesla.
Key Facts
Shares of SpaceX dropped 6.2% as of Wednesday afternoon, a reversal from the nearly 12% jump over the three previous trading sessions.
Another decrease in SpaceX’s share price cut Musk’s net worth by $59 billion to $994.1 billion, as Musk holds 4.8 billion SpaceX shares and another 350 million stock options with an exercise price of $8.40 per share.
The world’s richest person still…
Read the full article at FORBES.COM
