Musk's acquisition of Twitter, now X, has seen a financial turnaround, with debt sales exceeding expectations and advertisers returning. xAI is experiencing a surge in investor interest, with plans to raise $10 billion at a $75 billion valuation. SpaceX's valuation has also increased, with significant deals for its Starlink division. Overall, Musk's ventures have thrived, contrasting with the fading "Trump trade."
Key takeaways:
- Musk's net worth has increased by $135 billion since Trump's election victory, with assets like Tesla, xAI, and SpaceX seeing significant valuation increases.
- Dogecoin, Musk's favorite meme cryptocurrency, has surged about 60% since Trump's election win, riding a wave of enthusiasm linked to Musk and Trump's political ties.
- X, formerly Twitter, has experienced a financial resurgence, with banks successfully selling debt related to Musk's acquisition and advertisers returning to the platform.
- xAI and SpaceX have both seen substantial valuation increases, with xAI in talks to raise $10 billion at a $75 billion valuation and SpaceX reaching a $350 billion valuation.