In addition to the electric car manufacturer Tesla and the space company SpaceX, Elon Musk also owns many companies.
SpaceX founder and Tesla CEO Elon Musk became the first person in history to reach a net worth of $400 billion, according to the Bloomberg Billionaires Index. Musk’s net worth has increased due to the recent internal sale of SpaceX shares and the rise in Tesla shares.
The stock sale involves the purchase of $1.25 billion worth of stock from employees and insiders. This transaction increased his net worth by approximately $50 billion. At the same time, SpaceX’s total valuation is around $350 billion. This valuation strengthens SpaceX’s position as the most valuable private company in the world.
Musk’s wealth is not limited to SpaceX and Tesla. His artificial intelligence company, xAI, also saw its valuation increase. The company’s valuation has doubled to $50 billion since its last funding round in May.
Tesla shares are up 140% in 6 months
Tesla stock closed at $424 on Wednesday, up 5.93%. The stock has gained about 30% over the past month. The stock is up 140% in the last 6 months.
Musk’s net worth rose rapidly after Donald Trump’s victory
After Republican candidate and former President Donald Trump won the US elections, his biggest supporter Elon Musk’s net worth increased rapidly.
According to the Bloomberg Billionaires Index, shortly after the election results, Musk’s net worth increased by $26.5 billion to $290 billion.
Musk spent $119 billion (around Rs 10 lakh crore) on Trump’s election campaign and campaigned and promoted his support on his social media platform X.
Tesla, Space
Tesla was on the verge of bankruptcy, Musk saved it
In 2004, Musk founded the electric car company Tesla. There was a period in 2008 when Tesla was on the verge of bankruptcy. However, Musk saved the company from this bad phase and today it is a very successful company. Besides these companies, Musk also owns Neuralink, Boring Company and Starlink.
What companies does Musk own?
In addition to the electric car manufacturer Tesla and the space company SpaceX, Elon Musk also owns many companies. Musk also has stakes in Neuralink, Boring Company and Starlink. Elon Musk’s human-machine interface company Neuralink has long been working on such a plan, with the help of which a neural chip can be implanted in people’s brains.
With this chip, a person will be able to control any machine simply by thinking without moving. Through this, Musk wants to solve problems such as paralysis, hearing and blindness.
Musk established The Boring Company on December 17, 2016. This company works on building tunnels to deal with traffic jams, rains and storms. The Boring Company is building a high-speed hyperloop for urban transportation in the coming years.
With the help of Hyperloop, traveling from one city to another can be done at high speed without any hassle. Starlink Satellite Communication, another Musk company, namely Satcom, provides high-speed Internet access. This Internet service reaches your home directly by satellite.