Forget the Trump trade. The Musk trade is where it's at.

Elon Musk and Donald Trump in the Oval Office.

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• Musk's star has risen during the Trump era, boosting a...

  Elon Musk's Assets Soar Amidst Trump's "Musk Trade"

  Introduction

  <>Donald Trump's presidential election victory has spurred notable surges in assets linked to Elon Musk, overshadowing the initial "Trump trade." Musk's net worth has skyrocketed by $135 billion, according to Bloomberg data.

  Tesla

  Despite market fluctuations, Tesla stock has risen 42% since the election. Musk has ambitious plans for Tesla, including the rollout of Cybercabs and a return to vehicle-sales growth.

  Dogecoin

  The meme cryptocurrency Dogecoin has surged 60% since Trump's victory. Musk's fondness for Dogecoin and his government efficiency bureau's naming after it have contributed to its popularity.

  X (Formerly Twitter)

  X's fortunes have improved after Musk's acquisition. Banks have successfully sold debt related to the platform, signifying a turnaround in financial performance. Advertisers are also returning to X, with key players like Apple, Amazon, and Temu ranking among top spenders.

  xAI (Artificial Intelligence)

  Elon Musk's xAI, a rival to OpenAI, has also benefited from investor interest. The company is reportedly in talks to raise $10 billion at a $75 billion valuation, reflecting a significant increase from its previous valuation of $40 billion.

  SpaceX (Space Exploration)

  SpaceX has witnessed impressive growth in valuation, reaching $350 billion in December. The company continues to secure deals for its Starlink satellite internet division, with expansions into global markets like Italy.
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