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Elon Musk really a 'trillionaire'? Only on paper
xCruzo Brief
Elon Musk’s “trillionaire” status hinges on company valuations rather than cash wealth, with SpaceX taking center stage after its June 12 IPO at a sky-high price. Bloomberg’s billionaires index says Musk held the title for 11 days, before the stock selloff reduced his fortune to as low as $942 billion. On Monday and Tuesday, his net worth returned to just above $1 trillion as SpaceX rose 11.5% and Tesla gained 10.8%. Bloomberg put his fortune at $1.01 trillion those days. The article questions whether Musk has ever been truly a trillionaire, arguing the claim rests on debatable assessments, with SpaceX representing nearly 78% of his net worth. It also notes SpaceX did not respond to a request for comment.
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