Airdrop news
Musk’s Net Worth Hits $440 Billion Amid SpaceX Deal and Trump Ties
Elon Musk’s net worth has surpassed $400 billion, reaching $440 billion after a SpaceX share buyback valued the company at $350 billion.
This $50 billion boost solidifies his position as the world’s richest person, according to Bloomberg.
Musk’s wealth, mostly driven by Tesla and SpaceX, surged after Trump’s November election win. Tesla’s stock rose 65 percent since the vote, and Musk donated $270 million to Trump’s campaign.
Musk, a close Trump ally, invited him to a SpaceX rocket launch. Netizens worry this could benefit Musk’s businesses, including easier Tesla regulations and cuts to EV tax credits that could harm his competitors.
Elon Musk will co-head the Department of Government Efficiency, aiming to cut billions in federal spending and reduce red tape.
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