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Apart from electric car company Tesla and space company SpaceX, Elon Musk also owns many companies.
SpaceX founder and Tesla CEO Elon Musk has become 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 share sale in SpaceX and the rise in Tesla shares.
The share sale involves buying $1.25 billion worth of shares from employees and insiders. This transaction has increased his net worth by approximately $50 billion. At the same time, the total valuation of SpaceX became approximately 350 billion dollars. This valuation strengthens SpaceX’s position as the world’s most valuable private company.
Musk’s wealth is not limited to SpaceX and Tesla. His artificial intelligence company, xAI, has also seen its valuation rise. The company’s valuation has doubled to $50 billion since its last funding round in May.
Tesla shares rose 140% in 6 months
Tesla shares closed at $424 on Wednesday, up 5.93%. The stock has gained about 30% in the last one month. The stock has risen 140% in the last 6 months.
Musk’s net worth increased rapidly after Donald Trump’s victory
After the victory of Republican candidate and former President Donald Trump in the US elections, the net worth of his biggest supporter Elon Musk has increased rapidly.
According to the Bloomberg Billionaires Index, soon after the election results, Musk’s net worth increased by $ 26.5 billion to $ 290 billion.
Musk spent $119 billion (about Rs 10 lakh crore) in Trump’s election campaign and campaigned and promoted in 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 rescued the company from this bad phase and today it is a very successful company. Apart from these companies, Musk also owns Neuralink, Boring Company and Starlink.
Which companies does Musk own?
Apart from electric car company Tesla and space company SpaceX, Elon Musk also owns many companies. Musk also has stakes in Neuralink, Boring Company and Starlink. Elon Musk’s human computer interface company Neuralink has been working for a long time on such a plan, with the help of which a neural chip can be implanted in the brain of people.
With this chip, a person will be able to control any machine just by thinking without moving. Through this, Musk wants to solve problems like paralysis, hearing, blindness.
Musk created The Boring Company on December 17, 2016. This company works to build tunnels to deal with road 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. Musk’s another company Starlink Satellite Communication i.e. Satcom provides high speed internet. This internet service reaches your home directly through satellite.
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