Elon Musk’s fortune has fallen back to pre-SpaceX IPO levels, according to the Bloomberg Billionaires Index. His wealth, which peaked at about $1.33 trillion on June 16, now stands at $684 billion, a decline of over $600 billion in just over a month. SpaceX shares have tumbled 46% from $201.80 on June 16 to a record low of $108.37. Tesla shares have also dropped 17% since second-quarter results, with the company posting its first cash-negative quarter in two years. Next week, SpaceX reports its quarterly earnings for the first time as a public company.
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