Since Trump's victory in the U.S. presidential election, Elon Musk's wealth has seen explosive growth. According to the Bloomberg Billionaires Index, he has become the first person in the world with a net worth exceeding 400 billion dollars. This milestone achievement is mainly due to the outstanding performance of Tesla and SpaceX. On Wednesday, Tesla's stock price reached an all-time high, closing at $424.77, pushing Musk's wealth to $447 billion.
Data shows Musk's wealth increased by 62.8 billion dollars in a single day, setting a historical record. This increase also propelled the total wealth of the world's top 500 billionaires to exceed 10 trillion dollars for the first time, equivalent to the combined GDP of Germany, Japan, and Australia last year.
Wealth Growth Driven by Tesla and SpaceX
Most of Musk's wealth comes from Tesla. Tesla's stock price has risen 71% this year. In December, Tesla's sales in China performed brilliantly, selling 21,900 electric vehicles in the first week alone, the highest weekly sales since the fourth quarter of 2024. Meanwhile, Tesla has made frequent breakthroughs in the development of the humanoid robot Optimus, which is seen as a major growth point for the company's future value. Analysts predict the humanoid robot market could reach 7 trillion dollars by 2050.
SpaceX also plays a crucial role in Musk's wealth growth. On Wednesday, SpaceX announced the completion of an internal stock transaction worth 12.5 billion dollars, valuing the company at $350 billion, making it the most valuable private startup globally. It is widely believed that with the support of the Trump administration, SpaceX will secure more U.S. government contracts, further cementing its industry-leading position.
AI and Political Influence Boost Future Development
Musk's AI company xAI has doubled its valuation since May, reaching 50 billion dollars, becoming a new favorite among investors. After Trump's election victory, market focus on xAI quickly increased, further boosting the company’s value.
Additionally, Musk will serve as co-chair of the Government Efficiency Department in the new Trump administration, giving him more influence in Washington and establishing a direct channel to the White House. Analysts believe this political background will have a profound impact on Musk's enterprises, particularly in streamlining autonomous vehicle processes and advancing SpaceX projects.
Facing Challenges But Status Remains Unshakable
Despite numerous positive developments, Musk faces certain challenges. A Delaware judge has again dismissed his 2018 Tesla compensation plan, valued at over 100 billion dollars. Tesla plans to appeal this decision, and Musk has called the action "absolutely corrupt." Nonetheless, even if the compensation plan is canceled, Musk remains the richest person in the world.
With the robust development of Tesla and SpaceX, along with Musk's strategic positioning in AI and politics, his wealth and influence will continue to soar. Musk's innovative capabilities and strong business portfolio are constantly reshaping the global economic landscape, laying a solid foundation for future breakthroughs.
