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SpaceX stock declines erase $250 billion from Elon Musk's wealth in one day... What happened?
SpaceX shares declined for the second consecutive day, causing its market value to fall below Amazon's after the historic rise following the initial public offering last week.
This sharp decline resulted in Elon Musk losing approximately $250 billion of his net worth in one day, according to circulating estimates, marking the largest daily wealth loss ever recorded, as SpaceX shares lost a significant portion of their recent $BTC gains.