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Musk loses trillionaire status as SpaceX stock slump

Musk loses trillionaire status after SpaceX stock slump

NEW YORK — 25 June 2026, Elon Musk has lost his status as the world’s first trillionaire after sharp declines in the share prices of SpaceX and Tesla erased more than $150 billion from his fortune, according to the Bloomberg Billionaires Index.

Bloomberg’s daily wealth ranking, updated at 17:30 New York time, showed that Musk’s net worth fell to $957 billion on 23 June, down from $1.11 trillion less than two weeks earlier.

The drop came after heavy losses in SpaceX and Tesla shares amid a broader sell-off in technology stocks, as investors increasingly questioned the long-term profitability of artificial intelligence (AI) investments.

Despite losing his trillionaire status, Musk remains the richest person in the world, maintaining a significant lead over the second-richest billionaire.

Musk made history on 12 June 2026 when SpaceX debuted on the Nasdaq stock exchange in a highly anticipated public offering. The company’s initial public offering (IPO) was priced at $135 per share, while the stock opened at $150 per share on its first trading day.

The listing pushed the rocket and satellite giant’s market value above $1.77 trillion. With Musk owning about 42% of the company, his paper wealth immediately surpassed the $1 trillion mark.

Investor enthusiasm continued to drive the stock higher, with SpaceX shares reaching a record $225.64 per share on 16 June, lifting Musk’s net worth to an estimated $1.32 trillion, its highest level on record.

However, the rally proved short-lived. Concerns over rising capital expenditures, growing AI infrastructure costs and persistently high interest rates triggered a broad technology-sector sell-off, affecting major firms including Nvidia, Intel and AMD.

SpaceX shares were among the hardest hit, plunging more than 30% from their mid-June peak to around $156 per share.

On 22 June, a particularly volatile trading session saw SpaceX shares tumble 16% in a single day, wiping an estimated $240 billion from Musk’s fortune.

Meanwhile, Tesla shares fell nearly 6% the following day, adding to the losses. Musk owns approximately 12% of Tesla’s outstanding shares.

Market analysts said post-IPO volatility is common for high-value companies, but the scale of the swings highlights the tension between lofty investor expectations and business realities.

Musk’s trillionaire status is especially vulnerable because his wealth is concentrated in a small number of assets. Nearly all of his fortune is tied to just two companies — SpaceX, which accounts for almost 80% of his wealth, and Tesla.

Analysts noted that a recovery of only about 6% in SpaceX shares from current levels would be enough to push Musk’s net worth back above the $1 trillion threshold.

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Back-to-back powerful earthquakes slam Venezuela, collapsing buildings in the capital of Caracas

Rescue workers search for survivors at a collapsed building after an earthquake in Caracas, Venezuela, Wednesday, June 24, 2026. (AP Photo/Ariana Cubillos)

CARACAS, Venezuela (AP) — Back-to-back powerful earthquakes struck off the coast of Venezuela on Wednesday evening, collapsing buildings and sending panicked residents into the streets.

The 7.2 and 7.5 magnitude earthquakes roiled the region, with buildings evacuated in cities as far away as Brazil’s Amazon about 1,700 kilometers (1,050 miles) away.

Late Wednesday, acting president Delcy Rodríguez said she was preparing to address the nation.

Rodríguez’s failure to address the nation within three hours of the earthquake, while her government did not give a report of injuries or fatalities in that time, was criticized by politicians and Venezuelans.

“The uncertainty becomes yet another layer of anguish,” Edmundo González, the opposition’s 2024 presidential candidate, said on X.

The U.S. Geological Survey initially said the first earthquake had a magnitude of 7.1, later revising that to 7.2, and its epicenter was west of the community of Morón, located along the country’s Caribbean coast, about 168 kilometers (104 miles) west of Caracas. The quake had a depth of 22 kilometers.

The USGS reported an even larger 7.5-magnitude earthquake just a minute later. The second quake had a depth of 10 kilometers and its epicenter was 16 kilometers (10 miles) southwest of Morón.

The quakes, among the strongest to strike Venezuela in more than a century, struck shortly after 6 p.m. People evacuated swaying buildings in the capital Caracas, many visibly shocked as they saw entire walls that had collapsed, making furniture visible from the street. Dust columns could also be seen in two neighborhoods of the capital, where restaurants and other businesses are typically busy.

‘We all had to leave our houses’

People remained on the streets for hours, even after sunset. Some sat on the ground hugging their pets as dust gathered around them. Collapsed buildings, toppled electric poles and debris blocked streets. Parts of the capital lost power and cellphone signal.

“It started off gently and then gradually grew, and in the end, we all had to leave our houses, go outside and gather together,” Caracas resident Hector Ricci said.

The lack of cellphone signal in parts of Venezuela deepened the distress of many families, particularly those among the more than 7.7 million people who have left the country during its protracted crisis.

“May strength, serenity, and solidarity prevail among us in the face of this difficult time,” opposition leader Maria Corina Machado said from exile on X.

Impact felt throughout Venezuela

Interior Minister Diosdado Cabello said the quake could be felt in several states. The Altamira neighborhood in Caracas had “alarming situations” with collapsed homes and buildings, he said, suggesting people were injured in the earthquake and asking motorists to give way to ambulances and other emergency vehicles.

“We understand that some people may be desperate, but we are acting according to protocols to activate aid and rescue efforts to help those who need it most,” Cabello said on state television. “Be very careful with children and the elderly; call each other and check that no one has been harmed.”

He also urged people to remain outside as aftershocks could further damage some structures.

“The building really shook from side to side. Unreal. The force was incredibly strong,” Caracas resident Roberto Gamas said. “We were walking and it was tossing us around. Everything in the apartment fell. Well, thank God we were able to get out.”

Expressions of support posted on social media

Reaction pouring in swiftly on social media.

Venezuela opposition leader Maria Corina Machado, in exile after leaving Venezuela in December, took to to X to send prayers and wish strength to Venezuelans.

“May strength, serenity, and solidarity prevail among us in the face of this difficult time,” she wrote on X.

El Salvador President Nayib Bukele expressed solidarity with Venezuela following the earthquakes, saying his country’s “heart is with the people of Venezuela during these difficult times.”

“We send you all our solidarity and our prayers. Stay strong, Venezuela,” Bukele wrote.

Republican Rep. María Elvira Salazar of Florida said her “thoughts and prayers” were with Venezuela and expressed support for families affected, those still waiting for answers and first responders.

“The strength of the Venezuelan people has been tested time and again,” she wrote. “I have no doubt they will face this moment with the same resilience, courage, and hope that have carried them through every challenge.”

Earthquake impacts the region

Buildings in Manaus, Belem and Macapá in Brazil’s Amazon were evacuated, according to reports on TV Globo.

The quakes also were felt in Colombia’s Caribbean and northeast regions, but there were no reports of damages or injuries. The Colombian Maritime Authority in a statement said the country’s Caribbean coast is at no risk of tsunami.

The U.S. Pacific Tsunami Warning Center issued a tsunami alert for Virgin Islands. Authorities in the Dominican Republic also issued one for the island. Another alert for Puerto Rico was quickly lifted.

Strong earthquakes are unusual in Venezuela.

While the country sits near multiple fault lines, its position straddling the South American and Caribbean plates make earthquakes much less common than in other parts of Latin America. Along the Pacific coast — in Mexico and Chile, for example — earthquakes are frequent. The two countries sit along the seismically active tectonic belt known as the “Pacific Ring of Fire,” which is responsible for 90% of earthquakes, according to the USGS.

The quakes also were felt in Colombia’s Caribbean and northeast regions, but there were no reports of damages or injuries. The Colombian Maritime Authority said in a statement that the country’s Caribbean coast is at no risk of tsunami.

In Brazil’s Amazon, buildings in the cities of Manaus, Belem and Macapá also were evacuated.

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AIS green energy project delivers THB 33.88 million in social value

AIS has revealed the findings of its latest Social Return on Investment (SROI) study for the Green Energy Green Network for THAIs project at Thailand Research Expo 2026, organized by the National Research Council of Thailand (NRCT) under the Ministry of Higher Education, Science, Research and Innovation (MHESI). The study found that the project generated a total social impact value of THB 33.88 million from an investment of THB 24.89 million, representing a social return of 1.36 times the investment. The findings underscore how digital infrastructure and clean energy can create measurable economic, social, and quality-of-life benefits for underserved communities.

Green Energy Green Network for THAIs is a collaborative initiative between Advanced Info Service Public Company Limited (AIS), Gulf Development Public Company Limited (GULF), and the Highland Research and Development Institute (Public Organization) (HRDI). The project deploys solar-powered telecommunications base stations in remote areas to address the lack of access to energy and communication infrastructure while creating what AIS calls an “Infrastructure of Opportunity” for local communities. To systematically assess the project’s long-term impact, the partners have continuously conducted SROI research to evaluate outcomes and inform future development strategies.

Mrs. Saichon Submakudom, Chief Corporate Communication of AIS said,

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Ms. , Chief Corporate Communication Officer, AIS, said, “Throughout the implementation of the Green Energy Green Network for THAIs project with our partners, we have witnessed meaningful changes across many communities. Areas that once lacked both electricity and connectivity now have access to education, healthcare services, and opportunities to generate income through digital technology.

Today, research findings have helped validate what we have long believed—that digital infrastructure and clean energy do more than provide connectivity; they create opportunities and improve people’s quality of life. The SROI study found that the project currently covers eight communities across five provinces—Chiang Mai, Chiang Rai, Mae Hong Son, Lamphun, and Tak—benefiting more than 3,520 people from 918 households. The project has delivered benefits across multiple dimensions, including education, healthcare, community economic development, and environmental sustainability.”

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One notable example is Ban Mae Khong community in Chiang Mai, where digital connectivity has enabled local residents to promote Huai Nam Yen Waterfall through online channels, transforming it into an eco-tourism destination that has generated more than THB 2.5 million within few months in economic value for the community. The case demonstrates how digital infrastructure can transform connectivity into opportunity. Meanwhile, residents of Mokopoki community in Tak Province have leveraged digital technology to market agricultural products online, creating new income streams and overcoming geographical barriers that previously limited economic opportunities.

Beyond economic benefits, communities now have access to e-learning platforms, digital libraries, telemedicine services, and emergency medical referrals. The project also supports wildfire monitoring, disaster alerts, and emergency response capabilities in remote areas, further demonstrating the broader societal benefits enabled by access to reliable communications and energy infrastructure.

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Building on insights gained from both the research and field implementation, AIS is exploring new ways to maximize the value of telecommunications infrastructure. Future initiatives include utilizing mobile network towers as platforms for environmental and disaster monitoring systems, such as AI-powered wildfire detection solutions, real-time anomaly alert systems, and meteorological monitoring equipment. These technologies could support the monitoring of weather conditions, PM2.5 dispersion, and drought risks, while contributing to more effective environmental management and disaster preparedness.

“The findings do not merely reflect a social return figure; they demonstrate how investments in digital infrastructure and clean energy can create meaningful change in people’s lives—from improving access to education and healthcare to creating economic opportunities and strengthening community resilience,” Ms. Saichon added. “For AIS, success is not measured solely by the reach of a network signal. It is measured by the opportunities created, the lives improved, and the brighter futures made possible. When everyone has equal access to opportunities, that is where sustainable national development truly begins.”

AIS remains committed to leveraging research, innovation, and technology to drive inclusive and sustainable social development. The company believes that meaningful sustainability starts not only with technology, but with a deep understanding of social challenges, strong cross-sector collaboration, and the ability to transform knowledge into tangible outcomes that improve people’s lives. Through this commitment, digital infrastructure becomes more than connectivity—it becomes a pathway to opportunity, better quality of life, and a more sustainable future for all Thais.

 

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British man arrested after acid attack on Pattaya guesthouse manager

PATTAYA — Police arrested a British man on Wednesday, a day after he allegedly threw acid at a guesthouse manager in Pattaya while searching for his Thai girlfriend, leaving the woman with severe injuries.

The suspect, identified as Richard Langford, 40, was detained near Soi Buakhao after local residents reported seeing him arguing with a Thai woman. The victim, a 43-year-old guesthouse manager, remains hospitalised with serious burns to her face and body.

Witnesses said the man had been knocking on doors throughout the guesthouse on Tuesday evening while searching for a Thai woman. The manager reportedly told residents that he was not a guest at the property and attempted to remove him. Shortly afterwards, she was found suffering burns after being splashed with a corrosive substance.

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According to police, Langford said he had gone to the guesthouse looking for his Thai girlfriend and one of her transgender friends because he believed they had his passport. He claimed he threw liquid from a nearby cup during a confrontation with the manager, insisting he did not know it contained a corrosive substance.

The Thai woman later told police she had been in a relationship with Langford for about five months. She said the couple had argued over his behaviour and separated shortly before the incident, prompting him to search for her.

Police said Langford had overstayed his visa since February. He is being charged with overstaying in Thailand, while investigators prepare additional charges related to the attack.

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DE warns of fake AFNC TikTok account “police11441”

DE warns the public against fake claims that AFNC allows online scam victims to contact officials through the TikTok account “police11441”, as the fake account may lead to financial losses and theft of personal information.

The Ministry of Digital Economy and Society (DE), through the Anti-Fake News Center Thailand (AFNC), has released the latest results of its fake news monitoring and reporting efforts. The initiative is in line with the policy of Mr.Chaichanok Chidchob, Minister of Digital Economy and Society, to strengthen public awareness of technology-related crimes, fake news, and misinformation.

AFNC monitored a total of 130,457 messages and identified 7,108 messages requiring verification. The largest number of reports came from Social Listening channels, accounting for 7,106 messages, followed by two reports received through the AFNC Line Official account. A total of 31 issues were investigated, with verification results received from relevant agencies for 11 cases.

Among the six stories that attracted the greatest public attention, three were confirmed as true, two were identified as fake news, and one was classified as misleading information. These included:

  1. True News: BMTA provides free bus services on six routes for people paying respects to Her Royal Highness Princess Bajrakitiyabha.
  2. Fake News: AFNC allows online scam victims to contact officials through the TikTok account police11441.
  3. True News: The Ministry of Finance opens a website for existing state welfare cardholders to confirm their eligibility for 2026.
  4. Misleading Information: Cambodia claims Thailand’s likay and lomphok as Cambodian culture.
  5. Fake News: LIVPLUS dietary supplement helps nourish and restore the liver.
  6. True News: DDPM warns six provinces to watch for high tides and overflowing riverbanks from 14–20 June 2026.

One of the most notable fake stories claimed that AFNC had allowed people who were deceived online to contact officials through the TikTok account “police11441”. The DE Ministry confirmed that the claim is false.

The TikTok account “police11441” is a fake account created by scammers. It falsely claims to be an official communication channel of the Anti-Fake News Center Thailand (AFNC). The account also uses government agency logos to appear credible and mislead the public into believing that the information has been verified or endorsed by an official agency.

The public is therefore urged not to believe the claim, click any links, or provide important personal information to anyone through such channels.

The DE Ministry remains concerned about the spread of fake news and misinformation across online and social media platforms. Sharing unverified information may lead to misunderstanding, financial losses, misuse of personal information, and broader impacts on society.

The public is encouraged to trust and share information only from official sources and to carefully verify facts and website links before believing or forwarding any information.

People who encounter suspicious information or possible fake news can report it or verify information through the Anti-Fake News Center Thailand via Hotline 1111 ext. 87, available 24 hours a day.

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Runner admits using another BIB, returns race prize money

Runner admits using another BIB, returns race prize money

BANGKOK — 24 June 2026, A runner who competed using another participant’s race bib at the 17th Dok Bua Ku Mini-Half Marathon has admitted wrongdoing, returned all prize money and awards, and agreed to cooperate with legal proceedings, race organizers said.

Dok Bua Ku organizers announced that the incident occurred during the 17th Dok Bua Ku Mini-Half Marathon, held to mark the brand’s 49th anniversary. The runner was found to have violated competition rules by wearing another person’s BIB number and crossing the finish line in place of the registered participant.

According to the organizers, the runner met with police and race officials on 24 June 2026 to return all prize money and commemorative products received from the event.

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The runner reportedly admitted to intentionally violating the rules and agreed to enter the legal process while fully cooperating with police investigators.

Organizers said they have already taken the following actions:

  1. Legal proceedings have been initiated against all individuals involved.
  2. All prizes and awards have been recovered.
  3. The competition results of the rule-breaking participant have been officially disqualified. The offender and all related parties have been permanently banned from participating in future editions of the Dok Bua Ku Mini-Half Marathon.
  4. Rankings in the affected age-group category have been revised, promoting runners who complied with the rules. Organizers have contacted all newly ranked athletes and arranged the distribution of prize money and commemorative awards.

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The organizing committee apologized to runners affected by the incident and reaffirmed its commitment to conducting competitions in a transparent and fair manner.

Officials said the case would be used to strengthen future measures, including identity verification, participant checks, and monitoring of runners competing for prize-winning positions.

The organizers also thanked runners who provided information and cooperated in helping maintain the integrity and fairness of the competition.

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Jason Mraz to bring Asia Tour 2026 to Bangkok

Jason Mraz is returning to Bangkok for a one-night concert at BITEC Live on Thursday, 29 October 2026, bringing some of his best-known feel-good hits back to Thai fans.

The two-time Grammy Award-winning singer-songwriter, known for his warm acoustic-pop sound and easygoing stage presence, will perform as part of the Jason Mraz Asia Tour 2026 in Bangkok, presented by ODLive.

Fans can expect a setlist spanning his career, including global favourites such as “I’m Yours,” “Lucky,” “I Won’t Give Up” and more. Known for songs built around love, optimism and singalong choruses, Mraz’s Bangkok show is expected to draw fans who have followed his music for years, as well as newer listeners discovering his laid-back style.

The concert will take place at BITEC Live. Accessible from BTS Bang Na via the green line.

Tickets are priced at 2,000 / 3,000 / 4,000 / 4,500 / 5,000 / 5,500 / 6,000 and VIP 7,000 baht, with a maximum of four tickets per person.

Tickets are on sale through the official ticketing channel:
https://cutt.ly/8tBni7bO

More information is available via Facebook: ODLive, Instagram/TikTok: odlive.bkk, or by calling 02-203-0423.

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DE Blocks 13,000 Gambling URLs During World Cup 2026

DE has intensified its crackdown on online gambling during FIFA World Cup 2026, blocking more than 13,000 gambling-related URLs within just 18 days.

Ms.Nan Boontida Somchai, Deputy Minister of Digital Economy and Society, revealed that Mr.Chaichanok Chidchob, Minister of Digital Economy and Society, has directed authorities to strengthen measures against threats to national security and social well-being by intensifying efforts to combat online crime and block illegal social media accounts, pages, websites, and URLs, particularly those related to online gambling.

The policy is also in line with instructions from Mr.Anutin Charnvirakul, who has tasked the DE Ministry with working closely with relevant agencies to prevent and suppress online gambling activities.

Most recently, the Ministry of Digital Economy and Society (DE) has continued blocking social media accounts, pages, and URLs linked to illegal gambling under court orders while coordinating with online platforms to remove such content.

During the FIFA World Cup 2026 period, from 1–18 June 2026, the ministry blocked a total of 13,888 gambling-related social media accounts, pages, websites, and URLs.

“The DE Ministry has integrated efforts with relevant agencies and coordinated closely with digital platforms to immediately block URLs related to online gambling whenever violations are detected. Following the instructions of Minister Chaichanok, authorities have intensified monitoring and enforcement measures. Over the past 18 days alone, more than 13,000 gambling-related URLs have already been blocked,” said Ms.Nan.

She added that the ministry is using AI technology to detect and analyze websites and social media platforms associated with online gambling activities.

The Deputy Minister also warned the public to exercise caution when sharing content that may violate the law on digital platforms and social media, particularly content related to gambling websites and online scams. Even unintentionally sharing such content could be considered a violation of Section 14 of the Computer Crime Act.

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Farmers Warned of Fake BAAC Loan Offers on TikTok

DE warns farmers to beware of fake claims that BAAC is offering loans through TikTok accounts, as scammers may use such schemes to steal money and personal information.

The Ministry of Digital Economy and Society (DE), through the Anti-Fake News Center Thailand (AFNC), has released the latest results of its fake news monitoring and reporting efforts. The initiative is in line with the policy of Mr.Chaichanok Chidchob, Minister of Digital Economy and Society, to strengthen public awareness of technology-related crimes, fake news, and misinformation.

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AFNC monitored a total of 130,589 messages and identified 2,075 messages requiring verification. The largest number of reports came from Social Listening channels, accounting for 2,071 messages, followed by two reports received through the AFNC Line Official account and two reports through Facebook. A total of 13 issues were investigated, with verification results received from relevant agencies for eight cases.

Among the seven stories that attracted the greatest public attention, one was confirmed as true, four were identified as fake news, and two were classified as misleading information. These included:

  1. Misleading Information: The National Park Committee approved the transfer of 155,865 rai of Thap Lan forest land to the Agricultural Land Reform Office (ALRO).
  2. True News: The Governor of Surat Thani ordered an investigation into reports of foreigners holding Thai national ID cards on Koh Samui and Koh Phangan.
  3. Fake News: Thailand came under attack at Hill 350.
  4. Fake News: BAAC offers bank loans and inquiries through a TikTok account.
  5. Fake News: Cambodian nationals can obtain a 60-day tourist visa in Thailand.
  6. Misleading Information: Cambodia warned that if Thailand cancels the Siam-France Treaty, it would effectively cancel border agreements with Laos.
  7. Fake News: A 40-mm grenade fired from Cambodia landed just 100 meters from a Thai military base.

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One of the most notable fake stories claimed that the Bank for Agriculture and Agricultural Cooperatives (BAAC) was offering loans through a TikTok account identified as “_8383534”. The DE Ministry coordinated with BAAC under the Ministry of Finance and confirmed that the information is false.

In this case, scammers created a fake TikTok profile and account to impersonate a BAAC loan program, which could mislead members of the public into believing the offer was legitimate.

BAAC confirmed that it has no policy or operation of this kind and has already reported the account for removal.

The DE Ministry remains concerned about the spread of fake news and misinformation across online and social media platforms. Sharing unverified information may lead to misunderstanding, financial losses, misuse of personal information, and broader impacts on society.

The public is encouraged to trust and share information only from official sources and to carefully verify facts and website links before believing or forwarding any information.

People who encounter suspicious information or possible fake news can report it or verify information through the Anti-Fake News Center Thailand via Hotline 1111 ext. 87, available 24 hours a day.

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Former Girly Berry singer giftza piya wins Miss Universe Rayong 2026

RAYONG — Giftza Piya Pongkulapa, a former member of the popular Thai girl group Girly Berry, has won the Miss Universe Rayong 2026 crown, earning the right to represent Rayong at Miss Universe Thailand 2026.

The result drew attention from both pageant fans and longtime followers of the singer, who rose to fame as part of one of Thailand’s best-known girl groups of the 2000s.
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Her victory marks another major step in her transition from entertainment to the pageant stage, after she announced her intention to seriously pursue the crown. The move has been met with strong support from fans, many of whom have followed her career for years.

Giftza, whose real name is Piya Pongkulapa, was born on 3 October 1984. She became widely known as a member of Girly Berry, one of the most successful Thai girl groups of the 2000s, before later moving into acting, hosting and business.

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She graduated from Satriwitthaya School before earning a bachelor’s degree from the Faculty of Fine Arts, majoring in acting and directing, at Srinakharinwirot University. She later pursued a master’s degree at Thammasat University.

Although many still remember her as a pop singer, her pageant run has offered another look at her public presence, confidence, communication skills and long experience in the entertainment industry.

From girl group star to provincial pageant winner, Giftza’s next challenge will be Miss Universe Thailand 2026, where she will compete for the national crown and a chance to continue on the path to the Miss Universe stage.

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