SpaceX stock crashed by over 16% on Monday and slid 4% further during Tuesday premarket hours, wiping off over $152 billion off of Elon Musk's net worth, which is equivalent to Warren Buffett's entire fortune. As of Tuesday, Buffett had a net worth of close to $150 billion, according to Forbes Real-Time Billionaires list.
The crash follows a two-day rally that buoyed SpaceX market cap to $3 trillion before the steep decline of $600 billion during the selloff, coinciding with KeyBanc Capital Markets' sector-weight rating on the stock and a concurrent $20 billion bond offering by the AI rocket company.
