Elon Musk. Photo: IMAGE PRESS AGENCY / NURPHOTO / NURPHOTO VIA AFP
Tesla and SpaceX chief executive, Elon Musk, saw his fortune reduced by more than $51bn on Tuesday after shares in the rocket company fell sharply, Forbes has reported.
According to the report, SpaceX’s stock dropped by over six per cent to just above $150 by Tuesday afternoon.
“Shares of SpaceX plunged by more than 6% as of Tuesday afternoon to just over $150, hovering only slightly above its $150 debut price, while Tesla shares dropped by nearly 4%,” Forbes said.
Tesla shares also declined by close to four per cent on the same day.
