Musk’s Estimated Fortune Falls More Than $48.5 Billion as SpaceX Drops
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Elon Musk’s estimated fortune fell more than $48.5 billion Friday, Oct. 30, to $865 billion as SpaceX shares slipped below their IPO price during a broad U.S. stock selloff. SpaceX shares fell to $134.72, down $9.17, or 6.37%, on the day. The company went public on Nasdaq at $135 a share June 12. Musk owns roughly 49% of SpaceX, tying a large share of his estimated wealth to its stock price. SpaceX’s Oct. 20 results put revenue at $14.58 billion, up 161%.
Also reported by Watcher Guru.
Source: TokenPost
