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Saudi Gazettesaudigazette.com.sa

Elon Musk loses trillionaire status as global tech rout hits SpaceX, Tesla (opens original article in a new tab)

TL;DR

Elon Musk lost his trillionaire status as shares in Tesla and SpaceX fell, reducing his net worth to $970.2bn.

  • Elon Musk lost his trillionaire status due to falling shares in Tesla and SpaceX.
  • SpaceX and Tesla shares declined sharply amid broader tech stock losses.
  • Musk's net worth dropped from $1.11tn to $957bn in under two weeks.

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