Elon Musk’s trillionaire status at risk after drops in SpaceX and Tesla’s shares – business live
AI Summary
Elon Musk's potential trillionaire status is under threat as both SpaceX and Tesla shares have taken a nosedive, with SpaceX briefly dropping below its initial public offering price. Financial analyst Bill Blain warns of further declines, noting a bearish option market suggesting it could plunge to $100. This downturn matters because Musk's wealth is closely tied to these companies, and a sustained slide could significantly impact his net worth and influence in the tech and space industries.
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