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The revaluation of SpaceX and Tesla makes Elon Musk reach a historic net worth of 429 billion. Understand the influence of the American elections on this meteoric growth
Elon Musk has broken all the schemes once again. His fortune has reached $429.200 billion, according to Forbes' real-time billionaires list, becoming the first person to surpass the $400.000 billion milestone in accumulated wealth. However, more surprising than reaching this milestone itself, is the fact that he achieved it in a record time thanks to the explosive revaluation of its companies after election night that gave victory to Donald Trump.
An unprecedented milestone in financial history. Musk's financial leap was meteoric. Just before the presidential elections, Elon Musk had a fortune of $237.000 billion. The billionaire managed to double his fortune in less than two months, catapulting it to the $429.200 billion recorded last night by the Forbes index.
This growth in wealth has been driven by a series of events that have been central to the election of Donald Trump as president of the United States and the subsequent appointment of Jared Isaacman, a close ally of Musk in his space venture, as NASA director. The latter event, in particular, has strengthened SpaceX, the agency’s main provider of space services, while simplifying regulations for space launches.
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The impact of the elections and Elon Musk's financial growth
SpaceX: the jewel in the crown. The decisive event that definitively catapulted Musk's fortune was the recent valuation of SpaceX, which now stands at $350.000 billion, a 60% increase over its last public valuation. This milestone was achieved thanks to a recent transaction in which SpaceX employees sold shares, allowing new investors to enter. This feat was commented on by Musk himself on his social network, where he wrote the message: “The really crazy thing about this is that almost no investors wanted to sell shares, even at a valuation of $350.000 billion!”
In reality, SpaceX is not a publicly traded company like Tesla, so its value is calculated through assessments and estimates with external audits. As Elon Musk clarified in his message, SpaceX bought back shares from its employees to allow for the entry of some new investors, who valued the company highly. It is worth remembering that Elon Musk owns 42% of the company, which means that this increase implies that his stake in SpaceX is now worth around 147.000 billion dollars.
A privileged position for SpaceX. This new valuation makes SpaceX the most valuable unlisted startup in the world, surpassing even TikTok's parent company ByteDance.
However, more than the numbers, this appreciation reflects the market's confidence in SpaceX's future, which was reinforced with the arrival of Donald Trump to the White House and the appointment of Jared Isaacman to lead NASA, in addition to the expectation of a reduction in regulations in the aerospace sector, which were delaying Musk's plans to reach Mars.
SpaceX, Tesla and xAI: the engines of Musk's billion-dollar fortune
Tesla and xAI also contribute to the success. While SpaceX is a crucial factor, it is not the only reason why Musk's fortune has grown so rapidly. Tesla also has a lot to say about this scenario. The electric vehicle company has been breaking records in its stock market valuations in recent weeks.
This financial market bonanza has not only boosted the company's value, but has also added a staggering $50.000 billion to Musk's net worth since Donald Trump was declared the winner of the election.
Grok and X enter the game. On the other hand, xAI, the artificial intelligence company founded by Musk, is also on the rise. The value of xAI has doubled in just a few months due to the increase in investment, showing that the artificial intelligence sector continues to be a powerful engine for wealth generation.
Even X, the social network Musk acquired to use as a platform during his election campaign, has seen a slight slowdown in its freefall. Fidelity Investments, one of his main investors in the purchase of the social network, announced that it will increase its stake in X. The announcement came after it presented a slightly higher valuation than the released in September, which indicated that X had lost about 75% of its purchase value.
Political connection and financial growth. No one ignores the fact that Musk's closeness to Donald Trump also played a crucial role in this period of impressive growth of his fortune. According to CBS, the final tally estimates that Elon Musk donated around 277 million dollars during the electoral campaign, a sum that represents just under 0,063% of his wealth. These contributions not only strengthened his relationship with the new president-elect, whom he calls himself "first buddy", but also ensured a favorable environment for his business.
After the election, Musk became a key figure in Trump's inner circle, accompanying him to events such as a rocket launch at SpaceX's base. That connection appears to have directly benefited his interests, as the new administration is pushing through regulatory reforms that could facilitate the growth of his companies.
