From Yahoo Finance · · 1m
Musk's $900B Net Worth Could Vanish Overnight
SpaceX stock drop and Tesla slump erase hundreds of billions from Musk's fortune in days.
In brief
SpaceX stock drop and Tesla slump erase hundreds of billions from Musk's fortune in days. Musk's net worth is highly volatile due to SpaceX and Tesla stock performance. Originally reported by Yahoo Finance.
Musk's Net Worth Hits $895 Billion
Bloomberg values Elon Musk's net worth at $895 billion, up $237 billion this year.
SpaceX Stock Plunges
SpaceX stock fell from $185 in June to $110 in August, wiping out hundreds of billions of Musk's wealth.
Tesla Stock Drops 20%
Tesla stock is down 20% this year while the S&P 500 rises 10%, raising doubts about Tesla's future beyond EVs.
Boring Company Raises $3B
The Boring Company raised $3 billion at a $23 billion valuation, with Musk holding 90% of the firm.
Musk's Wealth Fluctuates Weekly
Musk's net worth can swing $100 billion in a week, showing how unstable his fortune is.
Here's the gist
Musk's net worth is highly volatile due to SpaceX and Tesla stock performance.
