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NZ Herald·3 min read·medium

Share crash wipes $1.7 trillion from the value of Elon Musk’s SpaceX, crimps thousands of Kiwi investors

C
Chris Keall
Share crash wipes $1.7 trillion from the value of Elon Musk’s SpaceX, crimps thousands of Kiwi investors
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SpaceX shares have fallen below their IPO price, wiping over $1 trillion from the company's market valuation. The decline impacts both Elon Musk's personal wealth and thousands of retail investors who gained exposure through platforms like Sharesies.

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Forbes’ real-time wealth tracker now puts SpaceX founder Elon Musk's fortune at “only” US$864 billion. Photo / Getty Images

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