Since the end of 2022, Musk's wealth has undergone a dramatic transformation, when his net assets once fell by more than 200 billion US dollars. However, after Trump won the election last month, as his biggest financier, Musk's value immediately soared.

The share price of Tesla has soared by 66% since the results of the November election, and reached a record high on Wednesday.

At the same time, the valuation of xAI, Musk's artificial intelligence startup, has also soared recently. According to reports, valuation of xAI has more than doubled since its financing in May, reaching $50 billion. After Trump won the election, market interest in xAI increased significantly.

On Wednesday, SpaceX and its investors agreed to buy shares worth $1.25 billion from employees and other company insiders. The deal valued the private space exploration company at about $350 billion, making SpaceX the most valuable private start-up in the world. At the time of soaring valuation, SpaceX is further consolidating its dominant position in the aerospace industry. Under the leadership of its main Falcon rocket, SpaceX has almost monopolized the US satellite launch market.