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Musk loses $30bn postvote
Elon Musk’s wealth fell by about $30 billion following the results of the US midterm elections, according to calculations by the *Financial Times*. More than $20 billion of the losses came from a decline in the value of SpaceX shares, while the rest was linked to a drop in Tesla shares and Musk’s spending to support Republicans, amid signs they had lost control of Congress.
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