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Fortune

Beatrice Nolan

SpaceX’s valuation could be cut in half as Trump and Elon Musk feud, Tesla investor says

Elon Musk SpaceX Tesla Inc. Donald Trump United States Ross Gerber

Elon Musk in a tech support t-shirt. (Credit: Andrew Harnik—Getty Images)

Elon Musk’s escalating feud with President Trump could have serious financial fallout for the tech billionaire’s companies. Tesla stock has already taken a hit, and now investors are warning that SpaceX’s valuation may also be at risk due to Musk’s behavior. Longtime Tesla investor Ross Gerber told Bloomberg Musk is no longer acting in shareholders’ interests and the Musk empire may be unraveling in real-time.

Elon Musk and Donald Trump’s once-cozy relationship is deteriorating in a very public fashion. The two billionaires have been feuding and trading barbs on social media, while Musk’s companies get caught in the crosshairs.

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