Home / Business and Economy / Musk's Fortune Dips Below $700B Amid SpaceX Stock Plunge
Musk's Fortune Dips Below $700B Amid SpaceX Stock Plunge
28 Jul
Summary
- SpaceX shares decreased by 4.8% on Monday.
- Elon Musk's net worth fell by over $20 billion.
- Musk's fortune dropped below the $700 billion threshold.
Elon Musk's net worth has fallen below $700 billion following a substantial drop in SpaceX shares. On Monday, SpaceX stock decreased by 4.8%, continuing a significant decline since its peak in mid-June. This downturn alone reduced Musk's personal fortune by more than $20 billion.
Despite this recent dip, Musk's wealth remains considerable, placing him well ahead of other billionaires. He still holds the position of the world's richest individual, with his extensive holdings in SpaceX being a primary driver of his vast fortune.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
