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Elon Musk had a bad week

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Elon Musk had a bad week

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In what's been a particularly eventful year for Elon Musk, this was a decidedly rough week.

The FAA on Monday made an environmental decision that resulted in a mix of good and bad news for Musk's SpaceX, and the mammoth Starship rocket the company is developing in Texas.

With Twitter's stock price trading around $37, well below the $54.20 Musk agreed to pay for the company, investors and employees are justifiably concerned about what the future holds.


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Article Details

Category: Economy

Topics: Personnel Cnbc US: News Business News Investing in Space Technology Breaking News: Technology Transportation Articles Space industry Science CEOs Space Jack Dorsey Business Social media Twitter Inc Source:tagname:CNBC US Source Elon Musk Mobile Consumer electronics Tesla Inc Autos

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-17, 18:21:32

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Reading Time: 7 minutes read

Article Length: 1184 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 488

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About CNBC

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Main Topics: Economy

Official Website: cnbc.com

Update Frequency: 20 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 12h ago

Coverage Areas: United States

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Publication Timezone: GMT -5:00

News Language: English

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Publisher ID: #5

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