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Wednesday, June 24, 2026
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01 Qualcomm Surges on Meta Partnership and $4B Modular Acquisition STRONG BULLISH 02 Cerebras Stock Collapses 50% Below IPO Price After Margin Guidance Miss STRONG BULLISH 03 Micron Jumps 16% as Memory Shortage Quadruples Revenue STRONG BULLISH 04 PG&E Bills Set to Skyrocket $840 Annually for 16 Million California Cus… STRONG BULLISH
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Article The Guardian Business

Elon Musk loses trillionaire status as SpaceX and Tesla stock drops

The Guardian Business June 24, 2026 · 8:02 pm Read Original
Bearish -55.0
−100 Bearish 0 +100 Bullish
Elon Musk loses trillionaire status as SpaceX and Tesla stock drops

Falling shares push tech mogul back down to billionaire ranks after SpaceX IPO made him world’s first trillionaireElon Musk was no longer a trillionaire by the time markets closed on Wednesday. Plunging shares in Tesla and SpaceX dragged the tech magnate down to billionaire status. As of 4pm ET, Forbes listed Musk’s net worth as $970.2bn.Musk reached trillionaire status on 12 June after SpaceX’s historic initial public offering. The rocket, satellite and AI company’s debut on the stock market made Musk the first person with a net worth of more than $1tn. His fortune continued to hover around that gigantic figure in the weeks following the initial public offering (IPO). Continue reading...

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Article Info
Source The Guardian Business
Published Jun 24, 2026 · 8:02 pm
Article ID 6aia2h0
Original URL Open source
Sentiment Signal
Bearish -55.0
−100Neutral+100
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