And it’s not simply xAI that has seen a sudden bump in its valuation — greater than double what it was earlier this yr — as different firms associated to Musk are additionally rising in worth. Tesla, for instance, has had its inventory go up a whopping 35 % because the begin of this month.
That is virtually definitely associated to the latest U.S. elections the place Donald Trump gained by a landslide. Musk and Trump are fairly shut in the mean time: the previous is even going to run a brand new authorities company.
Picture credit score — PhoneArena
Estimates put X at a valuation of solely $9.6 billion these days which is an virtually unbelievable lower from what Musk paid for it. How a lot of that is true is a bit questionable. It’s no secret that there was an exodus of customers to options like Threads and Bluesky however there’s additionally been a return of key figures and advertisers to the platform.
How properly X is performing doesn’t actually matter, although. Musk’s web price is untouchable and this latest analysis of xAI solely additional exhibits the intense financial ranges these platforms function on.
If X does shut down sooner or later it wouldn’t simply be due to Musk’s acquisition: Twitter barely ever turned a revenue all through its lifetime.