Elon Musk loses $ 10 billion in a week after beating Warren Buffett days ago

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Forbes magazine published a long report recently in which it highlighted the decline in shares of a number of technology companies in the past week, and the most prominent of those affected by the matter is the businessman Elon Musk Who at the end of last month ranked among the 5 richest people in the world, surpassing Warren Buffett, before being affected by the decline in his shares and losing nearly 10 billion dollars in one week..

This was confirmed by Forbes that it did not affect the budget of his company, Tesla, or Musk’s fortune, as despite the decline, he is four times richer than he was a year ago, with a net worth of 87.9 billion dollars, and he is currently the fifth richest person in the world, up by 5.5 billion dollars. On Warren Buffett.


Elon Musk and Forbes

On the other hand, Elon Musk had previously announced the possibility of the Starship spacecraft” Starship With the first manned flight to near-Earth orbit in the coming year, Musk pointed out that the first flights “may not achieve the desired results,” adding that the reason is that we are “working in an area that is not yet studied.”“.

It should be noted, that the tests conducted last August showed that the first prototype of the “Starship” vehicle was able to rise up to only 150 meters above the surface of the earth, and the previous tests all ended with the explosion of the models..

Ultimately, these vehicles will be designated for trips to Mars, according to Russia Today.

Elon Musk and his company, SpaceX, have been criticized for their very ambitious predictions of the development of technology, but investors have confidence in the attractive inventor, whose fortune increased yesterday, Monday, August 31, 2020, by $ 8 billion, as a result of the rise in shares of his other company producing “Tesla” electric cars..





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