SpaceX Stock Decline Reduces Musk's Net Worth, Impacts Investors
By
Robert Reich
3h ago· 3 min readenOpinion
Summary
A brief, informal post discussing Elon Musk's financial setbacks, specifically a decline in SpaceX's stock price that has reduced Musk's net worth from trillionaire status to around $900 billion. The author notes the crash wiped out recent gains and caused issues for investors, while questioning the valuation of Musk's companies.
Source
bskySpaceX Stock Decline Reduces Musk's Net Worth, Impacts Investorsrobertreich.substack.comKey quotes
· 4 pulledSpaceX crashed this week, and I just got some of the details.
SpaceX's stock price has settled way down. It's not even 10 percent over its initial public offering price.
The SpaceX crash wiped out just about all of SpaceX's gains from the last two weeks, which has caused massive headaches for its average investors and initial buyers.
Not quite a Ponzi scheme
His companies aren't worth nearly what he has said they are
Comments
Sign in to join the conversation.
No comments yet. Be the first.