Share crash wipes $1.7 trillion from the value of Elon Musk’s SpaceX, crimps thousands of Kiwi investors

🌐 New Zealand Herald (NZ) —
Share crash wipes $1.7 trillion from the value of Elon Musk’s SpaceX, crimps thousands of Kiwi investors

AI Summary

Elon Musk’s SpaceX experienced a significant share price drop, wiping out $1.7 trillion in market value and impacting thousands of New Zealand investors. The company also faces imminent competition challenges.

Stock falls below its listing price - and will face serious new competition within months.

Markets SpaceX share crash stock price investors New Zealand Elon Musk market value

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