BusinessElon Musk Loses $21 Billion as SpaceX Stock Drops
Elon Musk's net worth fell by over $21 billion to $1.03 trillion after SpaceX shares declined 2%. Despite the loss, he remains the world's richest person. SpaceX plans to raise $40 billion for AI chip purchases amid increasing credit risks, with a potential funding deal led by Apollo expected to close in 2027.
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