Elon Musk's companies have gained a combined $613 billion in value since the election
Musk’s Companies Surge in Value as X Seeks $44 Billion Valuation
First, Tesla soared. Then, SpaceX claimed the title of the world’s most valuable tech startup, and xAI nearly doubled its valuation—before setting its sights on another increase. Now, X is looking to follow suit, tapping into Elon Musk’s unmatched political influence to fuel its resurgence.
If the social media platform secures funding at a $44 billion valuation, it would remove a major overhang that has lingered since Musk purchased it for the same price in 2022. The move would also boost his net worth by roughly $20 billion, further cementing his status as the world’s richest individual.
Investors Betting on Musk’s Influence
Musk’s close ties to the current administration have made him a sought-after figure among investors. Dubbed the “first buddy” for his financial support of Donald Trump’s campaign and his leadership in the administration’s controversial cost-cutting initiatives, Musk’s empire has seen massive financial gains. According to Bloomberg data, his companies have collectively added $613 billion in value since the election—assuming planned funding rounds go through.
Tesla, despite pulling back from record highs in December, still boasts a market cap $400 billion higher than it was pre-election. Meanwhile, X, SpaceX, and xAI are collectively projected to add more than $220 billion in value through new investment rounds.
As of Tuesday, Musk’s net worth stood at $397.1 billion, a surge of more than 50% since the election, according to the Bloomberg Billionaires Index. If all anticipated deals close, his wealth would surpass $420 billion.
Musk’s Businesses Are on a Roll
While these gains remain on paper, they represent a significant vote of confidence from investors—even as Musk spends much of his time in Washington, overseeing the newly established Department of Government Efficiency.
Among Musk’s ventures, Tesla saw the biggest post-election surge, with shares nearly doubling in six weeks, pushing his net worth to a record $486.4 billion on Dec. 17—the highest figure ever recorded by Bloomberg’s wealth index. Since then, Tesla stock has dipped about 25%, but the company remains valued at $1.17 trillion.
SpaceX, meanwhile, secured a $350 billion valuation in December—a 67% increase from its previous funding round just six months earlier—making it the world’s most valuable private tech firm. However, political tensions emerged when President Trump stated on Tuesday that Musk would be barred from space-related government projects.
Musk’s AI startup, xAI, is also drawing investor interest. After launching its Grok-3 chatbot on Monday, the company entered advanced discussions with Dell Technologies Inc. to secure over $5 billion in server capacity for AI model training and deployment. xAI raised funding at a $40 billion-plus valuation shortly after the election and is now reportedly exploring another round that could nearly double its valuation.
X’s Unexpected Comeback
Perhaps the most surprising turnaround has been at X. When Musk acquired the platform (formerly Twitter) for $44 billion in 2022, the deal was widely criticized as advertisers pulled back and service outages plagued the site. By October, Fidelity had marked down its value by nearly 72%.
However, sentiment may be shifting. Recently, banks managed to sell off $4.74 billion of X’s debt at full value, signaling renewed investor confidence. If X secures new funding at its original $44 billion valuation, it would mark a stunning reversal—bringing it in line with the upward trajectory of Musk’s other ventures.