SpaceX Market Value Drops $900 Billion From Peak, Musk's Net Worth Falls $350 Billion
By
Ty Roush
1d ago· 2 min readenNews
Summary
Elon Musk's net worth has dropped by $350 billion, largely driven by a massive selloff of SpaceX shares that wiped out roughly $900 billion in market value. SpaceX's market value fell from a June 16 peak of about $2.99 trillion to around $2 trillion, dropping the company from the fourth-largest company globally to seventh. The article also notes SpaceX signed a computing agreement with AI startup Reflection AI potentially valued at $6.3 billion, with $150 million monthly payments starting July.
Source
bskySpaceX Market Value Drops $900 Billion From Peak, Musk's Net Worth Falls $350 Billionforbes.comKey quotes
· 3 pulledSpaceX's market value has decreased since its June 16 peak of about $2.99 trillion, falling to around $2 trillion on Monday.
The company briefly ranked ahead of Amazon and Microsoft as the fourth-largest company in the world by market capitalization.
SpaceX signed a computing agreement with AI startup Reflection AI that could be valued at $6.3 billion, CNBC reported Monday.
A selloff for Musk’s rocket maker wiped out roughly $900 billion in market value.
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