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Musk's company value soars: Tesla rises 25%, xAI is valued at $50 billion, SpaceX is valued at $250 billion Bianews, a fast and in-depth technology media from Beijing Bianews, November 17, according to foreign news reports, since Trump was elected president of the United States, the value of Elon Musk's enterprises (with one key exception) has been inflated. The world's richest man has spent a lot of time recently building a new alliance with President-elect Trump, but at the same time, his companies have also attracted a lot of capital. According to CNBC, Musk's artificial intelligence startup xAI (maker of the chatbot Grok) is raising up to $6 billion at a valuation of $50 billion. The financing was launched before the election and its valuation will double that of another round of financing earlier this year. Meanwhile, according to the Financial Times, Musk's SpaceX is preparing to issue a bid that will value the rocket company at more than $250 billion, up from $210 billion earlier this year. Tesla is also doing well in the public markets. Tesla's stock has soared since Trump's reelection, up more than 25% since its Nov. 5 close of $251.44, adding about $225 billion to its market value. At least one analyst has suggested Tesla take advantage of the post-election boom by issuing new shares. Musk's alliance with Trump likely reassured investors that the government won't stand in the way of Musk's ambitions to grow his business empire. But X is the only exception. Existing investor Fidelity has devalued its value by 79% since Musk bought it two years ago as advertisers left. Investors don't seem to be worried about whether Musk will get into trouble - quite the opposite.