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Even a one-day swing in the stock can dramatically change the value of his wealth.
Analyst Tim Farrar said that investors are backing Elon Musk's long-term vision rather than SpaceX's current launch, Starlink, and AI businesses.
Shares of Space Exploration Technologies Corp (SPCX) jumped 3% overnight late Thursday as U.S. President Donald Trump hailed CEO Elon Musk as a “modern-day Thomas Edison,” while newly released filings showed his portfolio bought up to $5 million in SpaceX bonds two days before a major space-policy…