Tesla's Corporate Value Rises by $400 Billion After Election
X Seeks Funding for the First Time in Three Years
Musk's Wealth Surges Over 50% as Company Valuations Climb
‘First Buddy’ Elon Musk, CEO of Tesla (photo), is reaping significant benefits from the halo effect of U.S. President Donald Trump's reelection.
According to data compiled by Bloomberg on the 19th (local time), if the current fundraising efforts led by Musk are successfully completed, the total value of the companies he owns is expected to surge by $613 billion (approximately 883.57 trillion KRW) after the election.
In addition to the electric vehicle company Tesla, Musk currently owns space company SpaceX, neurotechnology startup Neuralink, artificial intelligence (AI) company xAI, social networking service (SNS) company X (formerly Twitter), and tunnel construction business The Boring Company. Among Musk’s companies, Tesla is considered the biggest beneficiary of the U.S. presidential election. Although recent anti-Musk movements in the U.S. have shifted to boycotting Tesla electric vehicles, causing Tesla’s stock price to stagnate recently, after last year’s U.S. presidential election, Tesla’s stock price nearly doubled over six weeks, reaching an all-time high. Since peaking in December last year, Tesla’s stock price has fallen about 25%, but the company’s value still stands at approximately $1.17 trillion. Compared to before the election, this is an increase of nearly $400 billion.
X, acquired in 2022, is currently raising funds based on a corporate valuation of $44 billion. If Musk succeeds in raising capital from investors, X’s corporate value is expected to recover to the level it was at when Musk acquired it. Bloomberg stated, "Investors want to get closer to Musk, the ‘First Buddy’ of (Trump)," and projected that if this fundraising is successful, Musk’s net worth will increase by about $20 billion.
The valuation of xAI, an AI startup subsidiary of X, is also rising day by day. xAI is currently raising large-scale funds based on a corporate valuation of $75 billion. On the 17th, it unveiled a new AI chatbot called ‘Grok3,’ claiming that "Grok3 is smarter than competitor models like OpenAI and DeepSeek." SpaceX was also recognized with a corporate valuation of $350 billion last November, establishing itself as the most valuable technology startup in the world.
Bloomberg noted that new fundraising rounds for Musk’s companies, including SpaceX and xAI, are ongoing, and if investments in X and xAI proceed as planned, the total corporate value is expected to increase by more than $220 billion. As the valuations of Musk’s companies rise, so does Musk’s wealth. According to the Bloomberg Billionaires Index, as of the 18th, Musk’s net worth was approximately $391.7 billion, an increase of more than 50% since the U.S. presidential election. Bloomberg estimated that if the current fundraising rounds are completed as planned, his net worth will exceed $420 billion.
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