SpaceCNBC Techabout 2 hours ago
Tesla SpaceX Lose $420 Billion Market Cap
2 min read
Tesla and SpaceX shares dropped 9% and 11% respectively on Thursday, causing combined market cap losses of over $420 billion since Tuesday. Elon Musk's wealth fell below $800 billion after dropping $90 billion in a week. Deutsche Bank analysts warn SpaceX Texas compute capacity faces delays due to anticipated stricter regulations on data center build out and water use protections.
Level
Hype check
Tap to vote and see what everyone thinks.
