(Digital Itla) The world's richest person, Elon Musk, lost a staggering $350 billion in the span of just one week. According to an American journal, this massive drop in Musk's net worth was triggered by a nearly 30% plunge in SpaceX shares. Consequently, Elon Musk's total wealth has fallen from $1.45 trillion to approximately $1.1 trillion.
The journal noted that just a few days ago, SpaceX’s stellar listing had generated immense excitement among investors. However, growing concerns regarding escalating expenses and fresh funding requirements for AI projects have rapidly shifted the market's mood. The resulting pressure has not been limited to SpaceX alone, as several other global tech markets are also experiencing a downward strain.
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