Musk's SpaceX Valued at $350 Billion... Trump Effect Boosts Its Worth

Bloomberg reported on the 10th (local time) that SpaceX, the space company led by Elon Musk, CEO of Tesla, has a corporate valuation of approximately $350 billion (about 501.34 trillion KRW).

According to sources, SpaceX and its investors plan to purchase common stock worth $1.25 billion at $185 per share through an insider stock sale. This represents about a 65% increase compared to employees selling shares at $112 per share last September.

Elon Musk, CEO of Tesla. Photo by Getty Images Yonhap News

Bloomberg evaluated that SpaceX has solidified its position as the most valuable private startup in the world, with a market capitalization comparable to some publicly traded companies, demonstrating the gains CEO Musk has achieved since the U.S. presidential election.

Until mid-November, SpaceX planned to price its shares around $125, which would have estimated the company’s value at about $250 billion. However, investor interest surged after the election, raising the valuation by $100 billion.

CEO Musk publicly supported Donald Trump, the elected U.S. president, in the election. He spent $250 million on the campaign, becoming Trump’s "First Buddy" (the president’s close companion), and was appointed head of the Department of Government Efficiency (DOGE). On the 19th of last month, he conducted a test launch of the large spacecraft Starship in the presence of President-elect Trump.

Since then, Musk’s business has shown remarkable growth. According to the Bloomberg Billionaires Index, Musk’s net worth is approximately $384 billion (about 550 trillion KRW). Tesla’s stock price surged about 60% after the election. Musk’s AI startup xAI raised $6 billion earlier this month, with a company valuation of $50 billion (about 72 trillion KRW), roughly double its valuation six months ago.

This content was produced with the assistance of AI translation services.