SpaceX surpasses “Tesla” .. How did Elon Musk’s assets change?

SpaceX, which specializes in missiles and satellites, and owned by billionaire Elon Musk, has become the largest valuable asset for the first time in five years, according to a report published by the British newspaper The Guardian.

The mask share declined in “Tesla”

The large share of Elon Musk in Tesla is no longer its most valuable assets, as the electric car company faces a sharp sale wave in the stock market.
According to Forbes magazine, the Mask Mass in “SpaceX” – his own missile and satellite company – has become his largest asset for the first time in five years, while his net wealth is estimated at about 323 billion dollars, which makes him the richest person in the world.
Also read: The role of “Mask” in the Trump government comes in reverse results on “Tesla”
The value of his share in SpaceX is estimated at about $ 147 billion, or about 20 billion dollars than the value of his shares in Tesla, which has lost half of its value since last December.

Stress on “Tesla” and economic repercussions

Tesla has suffered from great pressure in the market since Donald Trump’s victory in the presidency, as investor fears about Musk’s preoccupation with other projects have increased, especially his initiative known as “government efficiency management” (DOG).
The new commercial policies, especially the customs definitions imposed by the American administration, have led to a state of uncertainty in the economy, which increased the pressure on technology and electric cars companies.

“Tesla” shares are retreating and hedge boxes benefit

Tesla shares fell 5.4% on Tuesday, with the continued suffering of the American markets. The Standard & Poor’s 500 index closed a 1.1%decrease, reflecting the pressures faced by the technology sector.
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On the other hand, hedge funds made huge profits from the decline in “Tesla” shares, where they recorded profits exceeding $ 16 billion of betting on the decrease in the share price, according to the analysis conducted by the S3 Partners and published by the Financial Times.

A wide restructuring in the federal government

During the past months, Elon Musk Ashraf Ashraf Ashraf was a wide restructuring of the federal government, which included the demobilization of thousands of employees as he described as a campaign to reduce costs and eliminate waste and fraud.
In an interview with the Fox Business channel, broadcaster Larry Kudlo asked him how he managed his business in light of his preoccupation with this initiative. Musk replied:
“With great difficulty. I am only here to try to increase government efficiency and eliminate waste. So far, we are already good progress.”

Difchy opinions about Mask and his new initiative

A poll conducted by NBC News showed that there is a division between Americans on the “government efficiency management” initiative, where some see it as a good idea, while others see it that may negatively affect Mask’s performance in managing his companies. The poll also showed that the number of people who have negative opinions about a mask exceeds the number of those who view it positively.