Rockets and robots: the rise of financial fabulism

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SpaceX shares have fallen for three consecutive days, erasing significant market value amid plans for a massive borrowing spree to fund AI ambitions. Read more at…

SpaceX shares have fallen for three consecutive days, erasing significant market value amid plans for a massive borrowing spree to fund AI ambitions. Read more at…

SpaceX shares plunged 16 per cent on Monday night as doubts about the AI trade keep growing. The prospect of rising interest rates could further hurt sentiment.

SpaceX shares have seen a significant drop, losing hundreds of billions in value over three days. This decline follows the company's announcement of its first investment-grade…

Elon Musk lost about $150 billion in a day as SpaceX fell 16%, while Cathie Wood's Ark Invest bought $32.5 million of the dip.

June 23 : Shares of Elon Musk's SpaceX slipped further on Tuesday following a three-session selloff that wiped out more than $600 billion from the company's market value, with the…

SpaceX shares were set for a fourth day of losses Tuesday, wiping out more than $900 billion in value from its peak.

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.…

Technology sector under pressure on concerns of capital needed to fund AI investments

Elon Musk’s fortune suffered a major decline after shares of his space company, SpaceX, extended their sharp sell-off, wiping an estimated $350 billion from his wealth within a…

Are investors starting to rethink their AI investments?

As technology stocks around the world tumbled and the Nasdaq plunged 1.5% in New York, the rocket and AI firm's shares fell as low as $147 in early trading.

Rolling coverage of the latest economic and financial news

Continued weakness in SpaceX shares could threaten Musk’s wealth

Elon Musk loses trillionaire status after SpaceX shares fall, but says AI and robots could make money irrelevant in the future.

Elon Musk's net worth has dipped below the trillion-dollar mark following a significant slump in SpaceX and Tesla shares. Just weeks after becoming the world's first trillionaire…

Chanticleer columnist Anthony Macdonald and technology editor Paul Smith on the investment case for SpaceX and whether there’s enough money to go around.

Rockets and robots: the rise of financial fabulism

Forbes estimates Musk’s net worth has fallen to about $970 billion as shares in SpaceX and Tesla decline amid wider concerns over interest rates and an AI-driven market bubble