Share crash wipes $1.7 trillion from the value of Elon Musk’s SpaceX, crimps thousands of Kiwi investors
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.
Why it matters
The significant valuation drop highlights volatility in high-growth tech sectors and the risks associated with retail investment in space-tech IPOs.
Forbes’ real-time wealth tracker now puts SpaceX founder Elon Musk's fortune at “only” US$864 billion. Photo / Getty Images
The article reports financial data and market performance objectively without loaded political language.
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