Price drop on the stock market
The share from SpaceX falls. This happens for 3 days in a row. On Monday the share loses 16 percent. Now one share costs 155 dollars. This is the lowest price ever.
Much money is gone
The company loses much value. It is 600 billion dollars. That is a very high number. But SpaceX is still valuable. It is among the 6 biggest firms globally.
Fear of new debt
Elon Musk leads SpaceX. The firm wants to sell bonds. This means: The firm takes on debt. Musk wants to pay for new technology. He wants to build artificial intelligence. Many investors feel fear.
Much power for Elon Musk
Elon Musk has much power. He owns almost all voting rights. He is the first billionaire in the world. He has over 1.000 billion dollars. Critics find this dangerous for democracy. The UN says: There is too much inequality.
