Elon Musk became the world’s first trillionaire when SpaceX was listed on the Nasdaq on June 12. One gets the feeling that this status matters to Musk.
The subsequent rally in SPCX, however, proved short-lived. SpaceX has since declined sharply, with the stock falling more than 30% from peak levels and now trading near $152.
Despite the drawdown, Musk remains the richest individual by a wide margin ($944B estimated). Though a relatively small recovery of around 7% in the SpaceX stock could be enough to restore his trillionaire status.
Should the market prepare for Musk to announce something in the next couple days to pump the stock price of SPCX so he can re-secure his status as a trillionaire?
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