Elon Musk’s net worth has fallen more than $500 billion from its June peak of $1.45 trillion as SpaceX stock slid nearly 40% from record highs reached days after the company’s Nasdaq debut.
SPCX traded near $142.50 on Tuesday, up 1.74%, after printing an all-time low of $136.78 on Monday. Analysts argue the correction reflects profit-taking rather than any weakening in the company’s fundamentals.
Why SpaceX Stock Fell 38% From Its Peak
SpaceX (SPCX) priced its record June IPO at $135 per share and hit $225.64 on June 16. That day, Forbes reported the company had passed Amazon to become the fifth-largest US company by market value.
ELON IS DOWN HALF A TRILLION IN A MONTHElon Musk’s…
