00:00It's Benzinga bringing Wall Street to Main Street.
00:02Elon Musk's net worth fell by more than $18 billion on Friday to $684 billion
00:09as shares of Tesla and SpaceX declined amid merger speculation
00:13and ahead of SpaceX's upcoming earnings report, according to Benzinga.
00:17Bloomberg data showed Musk has now lost more than $646 billion
00:22from his peak net worth of over $1.33 trillion.
00:26Tesla shares have dropped 37% from this year's high
00:30after the company reported accelerating cash burn from AI investments
00:34and weaker-than-expected gross margins.
00:37SpaceX shares have fallen to $180 from a record $225
00:41as investors await quarterly results.
00:43The decline also comes as reports said Musk is considering merging Tesla and SpaceX
00:48potentially after selling or spinning off Tesla's China operations.
00:52For all things money, visit Benzinga.com.
00:55The
00:55for example
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