SpaceX shares rebound after $1 trillion rout that cost founder Elon Musk $350bn

In a volatile market, SpaceX shares saw a dramatic dip alongside a global tech stock rout, with the Nasdaq dropping 1.5%. The decline pushed Elon Musk's wealth down by an estimated $350 billion, reflecting the broader instability in the tech sector. Despite the initial plunge to $147 per share, the company's stock has since rebounded, indicating investor confidence in its long-term potential and Musk's vision for space exploration and AI. This turbulence underscores the immense pressure and high stakes involved in the tech and space industries.