Musk loses trillionaire status as global tech rout hits SpaceX
bbc.co.ukI get he's not popular. None the less it would be nice to see more nuanced comments.
In my experience IPO's often follow a short-period of upside (where those who already have shares gain some liquidity, i.e. actual cash) followed by a dip and then - depending on fundamentals - over time rise above the offer price. Mileage may vary.
My understanding is that the 'fundamentals' were the performance of the AI division.
And the AI division is not performing well. More infrastructure than demand, and renting out server capacity to their competitors.
Gosh I hope he's alright, it would be such a shame if something bad happened to him.
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