21 Feb 2025
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. His companies have gained a combined $613 billion in value since the election assuming anticipated funding rounds go as planned, according to data compiled by Bloomberg. Even after retreating from an all-time high in December, Tesla is still worth nearly $400 billion more than it was the day before the election. Meanwhile, a flurry of new funding rounds for Musk’s private companies, including X, SpaceX and xAI, will add over $220 billion in combined value if investments in X and xAI close at the reported size.
Musk’s net worth — $397.1 billion as of Tuesday’s close — is up more than 50% since the election, according to the Bloomberg Billionaires Index. If all the funding rounds close as planned, he’d be worth over $420 billion.
