Elon Musk's net worth has dropped by an estimated $350 billion after SpaceX shares tumbled more than 30% from their post-IPO peak, wiping out nearly $1 trillion in market value. Concerns over valuation, debt-funded expansion, AI spending and broader tech weakness have fuelled the sharp correction.

A selloff for Musk’s rocket maker wiped out roughly $900 billion in market value.

Las acciones de la firma aeroespacial cayeron más de un 16% en un solo día y el magnate sufrió un duro golpe en su patrimonio.