Musk is expected to become the first trillionaire! After Trump's big gamble victory, Musk's business empire expanded rapidly.

According to previous news reports, SpaceX is preparing to launch a takeover offer in December and plans to sell internal shares at a price of 135 US dollars per share. This will allow the company's valuation to exceed 250 billion US dollars and continue to set a new high valuation for private US companies. Also, according to Bloomberg, SpaceX is in preliminary discussions to sell shares to insiders, and the company's valuation may reach about 255 billion US dollars as a result.

XAI, another AI startup under Musk, recently completed a new round of financing of 5 billion US dollars. Compared with when the last round of financing was completed in May this year, the company's valuation is expected to double to 45 billion US dollars.

According to reports, this financing is likely to be used to purchase 0.1 million Nvidia chips to build xAI's data center in Memphis, Tennessee, USA. Of the money raised, $5 billion is expected to come from sovereign wealth funds in several Middle Eastern countries.

Driven by the “Trump deal” boom, Tesla's stock price has also risen one after another. Since November 5, it has risen by more than 25%, and its market capitalization has increased by about 225 billion US dollars, and once reached the trillion-dollar mark.

Thanks to the soaring valuation of his company, Musk's overall net worth also increased dramatically. Musk's net worth has now risen to $306.5 billion, up 33.8% ($77.5 billion) year over year, according to the Bloomberg Billionaires Index.

In September, the wealth tracking website Informa Connect released a report saying that by 2027, Musk may become the world's first trillionaire.

After Trump's election, Musk's valuation “soared”

As a member of incoming US President Trump's core circle, Musk's company is attracting large amounts of capital.

Investors generally believe that with the “support” of the Trump administration, Musk's business empire is expected to win broader growth prospects.

In fact, Musk's business was “heavily suppressed” during the Biden administration:

The report said that since taking office, Biden has strengthened his support for electric vehicles, and has invited car companies to participate in events related to electric vehicles several times, but Musk has never been invited to attend.

According to the analysis, Tesla is the only ununionized automobile manufacturer in the US, so it has always received attention from federal regulators, and the Biden administration's tough stance has harmed Musk's interests.

Although NASA funded SpaceX's commercial manned work, its lunar landing plan temporarily “changed course” halfway: it cancelled SpaceX's arranged status and distributed orders to other competitors such as Blue Origin and Boeing.

In comparison, Wall Street saw that before this, Trump terminated the tram subsidy plan, which may be a good thing for Tesla. Because direct purchases of core components and not locally produced Tesla cars are not eligible for full subsidies, removing the subsidy will cause greater losses to Tesla's rivals.

Furthermore, Trump's policies tend to relax regulations and encourage scientific and technological innovation, providing a favorable policy environment for Musk's “Mars Plan.”

At the Democratic Party election campaign held in October, Biden said that before becoming the richest man in the world, Musk began his career in the US as an “illegal worker”:

“When the richest man in the world (Musk) was here, he turned out to be an illegal labourer.”