Elon Musk’s Private Companies Soar in Secondary Market Since Election
xAI share price has increased 110% since Nov. 5.
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
Shares of Tesla Inc., Elon Musk’s public company, have been in freefall for the last few months. But shares in his private companies aren’t.
Secondary market investors have sent the collective valuation of four of Musk’s private entities up 45% since the US election, according to a new analysis from trading platform Caplight, exclusively shared with Bloomberg.