Elon Musk Down $500 Billion as SpaceX Craters 40% in 30 Days While BTC Remains Largely Stable

The article says SpaceX (SPCX.OQ) has fallen sharply over the past 30 days, dropping about 40% from a peak near $225 to below $140, after initially pricing at $160. That decline reportedly cut Elon Musk’s net worth from around $840 billion at the peak to below $900 billion, taking him back under the trillion-dollar mark. The piece contrasts this weakness with Bitcoin, which remained relatively stable in a $60,000-$65,000 range and quickly recovered after briefly slipping below $60,000 support. The market takeaway is a sharp reversal in sentiment toward SPCX, driven by concerns about high rates, an AI-bubble narrative, heavy capex, and valuation excess, while BTC is presented as comparatively resilient during the same period.