Markets July 28, 2026

Musk’s Wealth Has Taken a Huge SpaceX Hit. He’s Still Worth 45 Times China’s CXMT Billionaire.

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The absolute value of Elon Musk’s wealth and the recent changes in that wealth are something to behold, and tell investors something about expectation, optimism, and stock market volatility. Tesla and SpaceX shares, the main source of Musk’s wealth, just won’t stop going down. SpaceX stock was down 5.3% at $107.25.

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