Trending
Tokyo stocks open higher on AI, tech gains after strong Micron earningsChina’s JCET to build new plant in Shanghai to expand advanced chip packagingJNJ International Co., Ltd. to Strengthen North American Market Presence at AAPEX Expo 2026 Las VegasEurope is pushing back on Washington's chip warDelayed N1trn Stabilisation Fund deepens credit crisisQuantum computers will supercharge the worldScreenworks appoints Lisa Rose as CEOGoogle's new payment policies are a preview of what could come to Apple platformsStar Fox's day one update detailed (UPDATE)Forward Sioux Falls Helps Fill the Gap, Provides Augustana Social Work Students With Paid InternshipsB.C. teacher accepts 10-year ban over inappropriate relationship with studentNY Fed's Marchioni calls new FOMC reserves language cleanup, not a Warsh policy shiftElectricity: 655m still in darkness as WHO, partners warn of Global Energy, health crisisorder goes live on SmythsMattel’s Hot Wheels rakes in $2.5b as adult collectors take overThese Xgimi Home Projectors Are a Steal With Our Exclusive Prime Day Discount CodesTokyo stocks open higher on AI, tech gains after strong Micron earningsChina’s JCET to build new plant in Shanghai to expand advanced chip packagingJNJ International Co., Ltd. to Strengthen North American Market Presence at AAPEX Expo 2026 Las VegasEurope is pushing back on Washington's chip warDelayed N1trn Stabilisation Fund deepens credit crisisQuantum computers will supercharge the worldScreenworks appoints Lisa Rose as CEOGoogle's new payment policies are a preview of what could come to Apple platformsStar Fox's day one update detailed (UPDATE)Forward Sioux Falls Helps Fill the Gap, Provides Augustana Social Work Students With Paid InternshipsB.C. teacher accepts 10-year ban over inappropriate relationship with studentNY Fed's Marchioni calls new FOMC reserves language cleanup, not a Warsh policy shiftElectricity: 655m still in darkness as WHO, partners warn of Global Energy, health crisisorder goes live on SmythsMattel’s Hot Wheels rakes in $2.5b as adult collectors take overThese Xgimi Home Projectors Are a Steal With Our Exclusive Prime Day Discount Codes

Elon Musk loses trillionaire status as global tech rout hits SpaceX

Elon Musk lost his trillionaire status on Tuesday after a brutal global tech rout erased billions from his wealth....

News Desk

Staff Writer

Published

Jun 25, 2026

Source

BBC

Analytics

0 0 0
Elon Musk loses trillionaire status as global tech rout hits SpaceX

AI Insight:The loss of trillionaire status highlights the volatility of the tech industry and its impact on individual fortunes.

Elon Musk, the CEO of SpaceX and Tesla, suffered a significant blow to his net worth on Tuesday as a global tech rout wiped out billions of dollars from his wealth. The decline in value of his companies, particularly Tesla, was a major contributor to the loss of his trillionaire status. The tech rout, which has seen a decline in the value of various tech stocks, has had a ripple effect on the overall market, leading to a decrease in the value of Musk's holdings. This development serves as a reminder of the risks and uncertainties associated with the tech industry, where fortunes can change rapidly due to various market and economic factors.