BIST10013.981,05▼ 0.00%BIST 100 Decline: AI Concerns and Monetary Policy Expectations Shaking MarketsUSD/TRY47.4400▲ 0.20%Pusula Yatırım's BIST Trading Activity: How Will Commercial Credit Growth Be Shaped?EUR/TRY54.1009▲ 0.30%Europe's 10,000+ Excess Deaths: Climate Change and Health CrisisBTC/USD$63,627.72▼ -1.32%Apple Reclaims Tech Crown from Nvidia: Is the AI Chip Giant's Rise Over?GOLD6.122,6▲ 0.15%Tera Yatırım's Standout Trades on Borsa Istanbul: Why the Heat?BRENT$87.44▼ 0.00%Iran War Hasn’t Hurt the U.S. Economy Too Badly — But the Danger Isn’t Over Yet. How Will It Affect Markets?KKM Balance Drops by 31 Million Lira to 205 Million: Banking Sector DataBIST10013.981,05▼ 0.00%BIST 100 Decline: AI Concerns and Monetary Policy Expectations Shaking MarketsUSD/TRY47.4400▲ 0.20%Pusula Yatırım's BIST Trading Activity: How Will Commercial Credit Growth Be Shaped?EUR/TRY54.1009▲ 0.30%Europe's 10,000+ Excess Deaths: Climate Change and Health CrisisBTC/USD$63,627.72▼ -1.32%Apple Reclaims Tech Crown from Nvidia: Is the AI Chip Giant's Rise Over?GOLD6.122,6▲ 0.15%Tera Yatırım's Standout Trades on Borsa Istanbul: Why the Heat?BRENT$87.44▼ 0.00%Iran War Hasn’t Hurt the U.S. Economy Too Badly — But the Danger Isn’t Over Yet. How Will It Affect Markets?KKM Balance Drops by 31 Million Lira to 205 Million: Banking Sector Data

Global MarketsJuly 17, 2026 at 06:01 PM

SpaceX's Starship Failure Drops Elon Musk's Net Worth Below $800 Billion

724FinanceBora Yalın

SpaceX's Starship Failure Drops Elon Musk's Net Worth Below $800 Billion

SpaceX's 13th Starship test flight was aborted on July 17, 2026, due to engine startup issues. The failure led to a 14.5% decline in SpaceX shares and a $45.3 billion drop in Elon Musk's net worth. Musk indicated a new attempt is planned for early next week. UBS analyst Gavin Parsons noted the stock's potential upside from the recent selloff, with the Starship launch expected to validate capabilities and boost investor confidence. Tesla's earnings report on July 22 could provide clarity on the company's robotaxi delays. SpaceX's future hinges on the success of Starship, which remains a cornerstone of its growth strategy.