ALBAWABA – The US President Donald Trump contributed with approximately $613 billion to Elon Musk’s companies, including Tesla, SpaceX, xAI, and X.
Trump supports Musk’s companies
Since US President Donald Trump began his presidency, Musk’s companies have seen significant growth. Trump has contributed approximately $613 billion to Musk’s companies, including Tesla, SpaceX, xAI, and X.
Notably, Tesla's shares experienced a significant increase following Trump’s inauguration, and then SpaceX was named the world’s most valuable tech startup. Additionally, xAI doubled in value.
Currently, the X social media platform is raising funds from investors at a $44 billion valuation. If Musk succeeds with this initiative, his fortune could increase by approximately $20 billion, reaching $420 billion, according to sources.
If Musk succeeds with this initiative, his fortune could increase by approximately $20 billion, reaching $420 billion, according to sources. (Shutterstock)
It is worth noting that Musk’s net worth has increased by more than 50%, reaching $397.1 billion since Trump was elected, according to the Bloomberg Billionaires Index.
Tesla’s shares recorded a remarkable increase during the elections, reaching their highest point ever. The company is now valued at approximately $1.17 trillion.
SpaceX also saw a 67% increase in its total value, while xAI launched its new Grok 3 chatbot this week, which is expected to double the company’s value.
All eyes are now on X, the popular social media platform. Musk acquired the platform in 2022 for $44 billion under its former name, Twitter. Recently, X successfully eliminated $4.74 billion of its debt.
