Elon Musk called himself a 'former trillionaire.'
Elon Musk called himself a 'former trillionaire.' — The entrepreneur wrote on his X page that he was no longer a trillionaire. Musk's short-term status as a trillionaire began on June 12 following the initial offering of shares in his company SpaceX.
Consensus
- Elon Musk acknowledged he is no longer a billionaire.
- Musk's wealth dropped below $1 trillion due to falling stock prices of SpaceX and Tesla.
- SpaceX conducted its IPO on June 12, which led to Musk becoming the first person in history to reach a net worth above $1 trillion.
- The stock price of SpaceX declined significantly after reaching a peak in mid-June.
- Tesla's stock also experienced a sharp drop in late July.
- Musk remains the wealthiest person in the world according to Forbes.
Points of divergence
- Musk lost $118 billion, and his wealth dropped below $1 trillion as reported by Bloomberg. — vedomosti
- Forbes data shows Musk's net worth fell from $1.45 trillion to $725 billion, a reduction of half. — vm
- SpaceX stock reached a peak of $225.64 on June 16 and later traded around $114; Tesla's weekly drop was the worst since 2022. — vesti
Coverage (3 sources)
- Elon Musk calls himself a 'former trillionaire' — Ведомости
- Elon Musk admits he was a former trillionaire — Вечерняя Москва
- Elon Musk calls himself a 'former trillionaire' — Вести
Key entities
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