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Musk's net worth crashed from $1 trillion to $900 billion as Tesla dropped 21% and SpaceX slid since its IPO.
SpaceX's Starlink dominates globally with 11,000 satellites across 160 countries, but xAI's Grok fails to compete against OpenAI and Anthropic.
Musk leases xAI data center capacity to rivals Alphabet and Anthropic, generating cash but signaling a retreat in the AI race.
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