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A sharp decline in SpaceX and technology stock valuations wipes out hundreds of billions from Musk’s fortune, though he remains the world’s richest person

Elon Musk Suffers Historic Wealth Decline

Elon Musk has experienced one of the largest wealth declines ever recorded, losing an estimated $350 billion in net worth just days after becoming the world’s first trillionaire. Despite the dramatic drop, Musk remains the richest person on the planet by a substantial margin, underscoring the extraordinary scale of his financial holdings and influence in...

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SpaceX Surges Into Global Elite as Valuation Tops Amazon

SpaceX Surges Into Global Elite as Valuation Tops Amazon

Elon Musk-led SpaceX has become one of the world’s most valuable companies after a dramatic rise in its market valuation pushed it past several corporate giants, including Amazon. The company’s value recently climbed to more than $2.6 trillion, making it the fifth-most valuable company globally and marking a major milestone in its history. The surge...