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Elon Musk’s Fortune Takes a Hit as SpaceX Stock Drops in Broader Tech Sell-Off

Elon Musk’s Fortune Takes a Hit as SpaceX Stock Drops in Broader Tech Sell-Off

  • Publish date: since 5 days Reading time: 1 min read
Elon Musk’s Fortune Takes a Hit as SpaceX Stock Drops in Broader Tech Sell-Off

The global technology industry is running into a pretty severe correction, sort of delivering a sharp blow to the world’s most bunched up fortunes. A sweeping market selloff has then led to a big, dramatic reprice of high growth tech firms, and that’s been squeezing the valuations of key industrial giants right away. As investor mood tilts toward risk avoidance, even aerospace and electric vehicle assets that used to look pretty tough are getting hit too.
 

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