Tesla & Bitcoin: Financial Powerhouses
Tesla, valued at $1.2 trillion, has seen a significant rise in its stock price, particularly following the 2024 U.S. presidential election. The company’s Bitcoin holdings, currently 9,720 coins, are worth around $949 million. Tesla’s digital assets were valued at $184 million at the end of 2022, but that figure surged to $1.08 billion after the latest earnings report. This dramatic increase is partly due to a change in accounting rules, which contributed to a $600 million gain on the company’s Bitcoin investments.
SpaceX & Starlink: Shaping Space Tech
Musk’s private space company SpaceX now holds a staggering $350 billion valuation, making it one of the most valuable private firms globally. Starlink, its satellite internet division, has also reached an impressive $137 billion valuation, reflecting increasing global demand for high-speed satellite internet.
xAI, X & The Boring Company: Expanding Influence
Musk’s AI research venture, Grok/xAI, now commands a $50 billion valuation, further cementing his influence in the artificial intelligence sector. Meanwhile, his social media platform, X (formerly Twitter), is valued at $40 billion, and The Boring Company, known for its underground transportation solutions, holds a $7 billion valuation.
Government Efficiency & Blockchain Innovation
Musk has also entered the political landscape through his role in the Department of Government Efficiency (DOGE). DOGE is currently helping reduce the U.S. deficit by $1 billion per day. Reports indicate that blockchain technology may soon be used to track government spending, secure data, and enhance transparency. The U.S. Treasury has even granted Musk’s team read-only access to its payment system, marking a significant step toward digital transformation in government operations.
As Musk’s empire continues to expand across industries, his innovations are reshaping not only technology but also governance, finance, and space exploration.
