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How Elon Musk Lost $600 Billion on Paper as SpaceX Stock Collapse Shocks Wall Street

International Business Times UK — July 28, 2026 at 04:33 AM UTC

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How Elon Musk Lost $600 Billion on Paper as SpaceX Stock Collapse Shocks Wall Street

Elon Musk's net worth has dropped below $700 billion after SpaceX shares fell sharply post-IPO, highlighting the volatility of market valuations and their impact on billionaire fortunes.