BlockBeats reported on July 28 that Elon Musk’s fortune has dropped by about $650 billion since SpaceX shares peaked in June. The decline came as both Tesla and SpaceX shares continued to slide. Even after that sharp pullback, Musk’s net worth remains above $700 billion. Investors are still watching whether artificial intelligence-driven growth can justify elevated valuations. The report centers on the scale of the drawdown from the recent high and the market’s focus on AI as a support for current pricing.
BlockBeats reported on July 28 that Elon Musk has lost about $650 billion in wealth since SpaceX shares peaked in June.
The report said shares of both Tesla and SpaceX are still falling. Even after the sharp decline, Musk’s net worth remains above $700 billion.
Investors are still focused on whether AI-driven growth can support elevated valuations.
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