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24/12/2025
MGM China has obtained the right to use the MGM brand, valid until at least 2032.
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1 m ago
Analysts say that one of the three key reasons for Musk's soaring wealth is the merge of xAI and X, accelerating the layout of AI. In March of this year, Musk integrated the social media platform X with his artificial intelligence company xAI. It is estimated that Musk holds about 50% of xAI's shares. xAI is in fierce competition with OpenAI and AI departments of tech giants such as Google and Microsoft, and is seen as one of the top AI companies globally.
1 m ago
The analyst said that the second key reason for Musk's soaring wealth is the strong rebound of Tesla's stock price. Although Tesla's stock price fell from nearly $400 in early 2025 to $220 in April, it has now rebounded strongly to over $485, a 21% increase year to date. Tesla's current market value is $1.63 trillion, and Musk holds over 15% of the shares.
1 m ago
Analysts say that one of the key reasons for Elon Musk's soaring wealth is the imminent IPO of SpaceX, with a market valuation expected to exceed $800 billion. Musk, who founded and owns 43% of the space company SpaceX, is expected to take it public in 2026, with a potential valuation of up to $800 billion or even higher. Once this is achieved, it will greatly increase Musk's personal wealth and may make him the world's first trillionaire.
3 m ago
According to Bloomberg's Billionaires Index data, Tesla CEO Elon Musk's net worth has increased by $215 billion this year, reaching $647 billion. This increase is almost equivalent to the entire net worth of the world's sixth richest person - Meta founder and CEO Mark Zuckerberg. However, Forbes' alternative estimate suggests that Musk's net worth has exceeded $700 billion. Due to different valuation methods, the data on the two lists usually differ.
5 m ago
White House National Economic Council Director Hassett: The reason we are achieving strong growth data is due to falling prices and increasing incomes. People are feeling very optimistic about their income growth.
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