Musk’s Companies Set to Add $613 Billion in Value Since Election
Elon Musk’s net worth — $397.1 billion as of Tuesday’s close — is up more than 50% since the election.
Photographer: Stefani Reynolds/BloombergThis article is for subscribers only.
First Tesla Inc. surged. Then SpaceX became the world’s most valuable tech startup and xAI nearly doubled its valuation before looking to do it again. Now, X is looking to join Elon Musk’s other companies in leveraging the billionaire’s unprecedented political power.
If the social-media company succeeds in its quest to raise money from investors at a $44 billion valuation, it will lift the cloud that has hung over it since Musk paid that much for it in 2022. It would also boost his wealth by about $20 billion, another lift for the world’s richest person.