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Sunday, August 2, 2026

Musk said money doesn’t matter. The market just took $1.2tn of it anyway.

Elon Musk said last week that money does not matter. Then SpaceX’s post-IPO rout cut his fortune from a peak of $1.33tn to $684bn, back below where it stood before the company floated. Now, with SpaceX’s first earnings as a public company due next week and a wall of insider shares unlocking next …

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