Elon Musk's Companies Surge with Trump's Support

Musk's alliance with President-elect Trump boosts valuations for Tesla, SpaceX, and xAI.

Musk's AI startup, xAI, is raising up to $6 billion, potentially doubling its valuation to $50 billion.
SpaceX is planning a tender offer valuing the company at $250 billion, surpassing its previous $210 billion valuation.
Tesla's stock has surged over 25% since Trump's reelection, reaching a $1 trillion market cap.
Musk's close ties with Trump have led to his appointment to lead a new Department of Government Efficiency.
Despite successes, Musk's social media platform X has seen a significant valuation drop due to advertiser losses.