Elon Musk remains the world's richest person, but his fortune has suffered one of the sharpest declines ever recorded after heavy selling in Tesla and SpaceX shares. According to the Bloomberg Billionaires Index, Musk's net worth has fallen below the level it stood at before SpaceX's blockbuster stock market debut. His estimated fortune has dropped from around $1.45 trillion to just over $700 billion, wiping out roughly $650 billion in paper wealth within just a few weeks. The decline follows a steep correction in SpaceX shares, which have fallen around 45% since their record-breaking IPO, while Tesla stock has dropped approximately 17% after reporting weaker-than-expected second-quarter earnings.

Elon Musk Loses Nearly $650 Billion In Weeks | Tesla And SpaceX Selloff Ends Trillionaire Status

Trump Media and Technology Group has launched Truth API, a paid data service offering Wall Street trading firms millisecond-fast access to posts from some of the most influential accounts on Truth Social, including President Donald Trump’s account. The service, reportedly priced at around $100,000 per month for premium access, has sparked debate over whether early access to presidential posts could provide an advantage to investors before market reactions occur.

Trump Media Faces Backlash As Truth API Turns Presidential Posts Into A Business Model | US News 

breaking-business-news

Breaking Business News, News on Breaking Business News, stories on Breaking Business News, articles on Breaking Business News, Breaking Business News stories at Wion, Breaking Business News news, Breaking Business News latest news

breaking business-news

Elon Musk Loses Nearly $650 Billion In Weeks | Tesla And SpaceX Selloff Ends Trillionaire Status

Trump Media Faces Backlash As Truth API Turns Presidential Posts Into A Business Model | US News