And it’s not just xAI that has seen a sudden bump in its valuation — more than double what it was earlier this year — as other companies related to Musk are also increasing in value. Tesla, for example, has had its stock go up a whopping 35 percent since the start of this month.
This is almost certainly related to the recent U.S. elections where Donald Trump won by a landslide. Musk and Trump are quite close at the moment: the former is even going to run a new government agency.
Image credit — PhoneArena
How well X is performing doesn’t really matter, though. Musk’s net worth is untouchable and this recent evaluation of xAI only further shows the extreme monetary levels these platforms operate on.
If X does shut down in the future it wouldn’t just be because of Musk’s acquisition: Twitter barely ever turned a profit throughout its lifetime.
