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🚨 Elon Musk’s net worth jumps by $96.6 billion in a single day 😱
$SPCX has surged 25% in just two days, even after roughly $100 billion worth of shares became eligible to sell.
This rally has pushed Elon Musk’s estimated net worth up by around $96.6 billion, to approximately $823.6 billion. 911.5 million $SPCXB shares unlocked yesterday, equal to roughly 1.4 times the entire current float.
About 34% of the float was shorted going into the unlock. Many traders may have been betting against the stock ahead of the event, only to close those short positions as the shares became available.