Tuesday, 28 July 2026 · World
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EUROS The World Financial Report
Nº 17 Tuesday, 28 July 2026 · World Edition
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Fortune roller-coaster: as Elon Musk loses US$130b, Chinese chip and AI founders gain

Business - South China Morning Post · 1h ago · 🇨🇳 China
Fortune roller-coaster: as Elon Musk loses US$130b, Chinese chip and AI founders gain

Elon Musk poked fun at himself on social media on Saturday, saying he was a “(former) trillionaire” after losing around US$130 billion over five trading days just weeks after he became the first human to ascend beyond billionaire status. At the same time, the wealth of some executives at ChangXin Memory Technologies (CXMT), China’s leading maker of memory chips, surged as its stock soared 466 per cent on its first trading day in Shanghai on Monday, valuing the company at 3.28 trillion yuan...

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