this post was submitted on 23 Jul 2023
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His net worth has only gone up since he bought it, iirc. Tesla will continue to print money at least for a little while until other automakers catch up on EVs. SpaceX doesn't seem to have any viable competitors, and both sides of the aisle agree on privatizing space, so that's a big growth industry. This is the unfortunate fact of capitalism in general and late-stage capitalism in particular.
It absolutely didn't. His net worth dropped over 50% in the months following the purchase. It's back up above $200b at this point according to Forbes, but he's still down from his pre-purchase state.