Elon Musk’s Trillionaire Era Ends as SpaceX Shares Sink Below IPO Price
- SpaceX shares closed at $115.07, nearly 49% below their $225.64 post-IPO peak.
- Elon Musk’s fortune fell from about $1.4 trillion to roughly $725 billion after the slide.
- SPCX must reclaim $147.11, while a break below $110.85 could expose the $100 level.
Elon Musk’s brief trillionaire era ended after SpaceX shares fell below their IPO price, reversing one of Wall Street’s most dramatic market debuts. SPCX closed Friday at $115.07, nearly 49% below its $225.64 peak and about 15% under the $135 offer price.
The reversal prompted Musk to call himself a “(Former) Trillionaire” on X rather than a billionaire. Binance founder Changpeng Zhao replied, “New definition of pre-rich,” fueling memes and a short-lived $PRE-RICH token.
SpaceX’s Record IPO Fueled Musk’s Trillionaire Rise
SpaceX’s listing followed years of caution from Musk, who had resiste…
Read The Full Article Elon Musk’s Trillionaire Era Ends as SpaceX Shares Sink Below IPO Price On Coin Edition.
This content is automatically aggregated. Full credit goes to the original publisher (coinedition.com).
