Market
What will be the next major policy change by DOGE under Musk by end of 2025?
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Elon Musk•Tesla•SpaceX•Musk•Donald Trump•Kamala Harris•Trump•Department of Government Efficiency•DOGE•Delaware
Resolution / Starting Odds
Tax policy reform • 25%
Energy efficiency initiative • 25%
Government spending cuts • 25%
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Official government announcements or credible news sources
Story
Elon Musk Becomes First Person with $400 Billion Net Worth Amid Trump Victory and DOGE Appointment
Dec 12, 2024, 09:16 PM
Elon Musk has become the first person in history to surpass a net worth of $400 billion, driven by a significant increase in the value of his companies, Tesla and SpaceX. His wealth surged by $58 billion after SpaceX and its investors agreed to buy back insiders' shares in a deal valuing the rocket company at $350 billion. This valuation makes SpaceX the most valuable private company in the world. Musk's fortune has grown by more than $150 billion since the beginning of 2024, largely due to his 13% stake in Tesla, which accounts for the majority of his net worth, and his 42% stake in SpaceX. Tesla shares have risen by more than 70% since the November 5 presidential election, where Donald Trump defeated Kamala Harris. Musk's close relationship with Trump, including his significant financial support for Trump's campaign and his appointment to co-lead the Department of Government Efficiency (DOGE), has further contributed to his wealth increase. Despite some setbacks, such as a Delaware judge voiding his 2018 Tesla pay package, Musk remains the world's richest person by a wide margin, with his net worth now estimated at $428 billion.
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Digital Infrastructure • 25%
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Blockchain Integration • 25%
Cryptocurrency Payment System • 25%
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Cutting operational costs • 25%
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Reducing federal workforce • 25%
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Ethical Standards Implementation • 25%