How Elon Musk’s Tesla and Bitcoin Investments are Dominating Global Markets

February 5, 2025 – Billionaire entrepreneur Elon Musk Elon Musk   Elon Musk is a tech expert, Entrepreneur and the person behind Tesla, SpaceX, and X. He is hailed as one of the leading influencers of crypto. His tweets, especially for Bitcoin (BTC) and Dogecoin (DOGE), can move the crypto market upside-down.   Recently, Musk flipped an idea of integrating crypto payments with X. This move will futher facilitate crypto payments and make the X a 'Super App'.   He often participates in crypto debates and wants to educate investors about blockchain technology and the benefits of DeFi. He also supports Trump's crypto prospectives and wants a clear policy for the same.   Quick Facts   Full name Elon Reeve Musk Birth 28-07-1971, Pretoria, South Africa Nationality American, South African, Canadian Education BA, BS from the University of Pennsylvania Known for Entrepreneur, Crypto Influencer   Elon Musk - Career Highlights & Events   2020 – Tesla gained interest and backed Bitcoin   2021 – Elon Musk’s Tesla purchases $1.5B worth of Bitcoin. Accepts it as a payment method   2022 – Boosts Dogecoin (DOGE) as its integration is tested in Tesla's commodities assets   2023 – Announced crypto payment attributes for X   2024 – Advocated for crypto-based financial infrastructure at global occasions.   NAsales@teslamotors.com EntrepreneurInvestorChief Executive Officer whose net worth has surged to $414.6 billion, continues to reshape industries with his companies spanning electric vehicles, space exploration, AI, and even government efficiency.

Tesla & Bitcoin: Financial Powerhouses

Tesla, valued at $1.2 trillion, has seen a significant rise in its stock price, particularly following the 2024 U.S. presidential election. The company’s Bitcoin holdings, currently 9,720 coins, are worth around $949 million. Tesla’s digital assets were valued at $184 million at the end of 2022, but that figure surged to $1.08 billion after the latest earnings report. This dramatic increase is partly due to a change in accounting rules, which contributed to a $600 million gain on the company’s Bitcoin investments.

SpaceX & Starlink: Shaping Space Tech

Musk’s private space company SpaceX now holds a staggering $350 billion valuation, making it one of the most valuable private firms globally. Starlink, its satellite internet division, has also reached an impressive $137 billion valuation, reflecting increasing global demand for high-speed satellite internet.

xAI, X & The Boring Company: Expanding Influence

Musk’s AI research venture, Grok/xAI, now commands a $50 billion valuation, further cementing his influence in the artificial intelligence sector. Meanwhile, his social media platform, X (formerly Twitter), is valued at $40 billion, and The Boring Company, known for its underground transportation solutions, holds a $7 billion valuation.

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Government Efficiency & Blockchain Innovation

Musk has also entered the political landscape through his role in the Department of Government Efficiency (DOGE). DOGE is currently helping reduce the U.S. deficit by $1 billion per day. Reports indicate that blockchain technology may soon be used to track government spending, secure data, and enhance transparency. The U.S. Treasury has even granted Musk’s team read-only access to its payment system, marking a significant step toward digital transformation in government operations.

As Musk’s empire continues to expand across industries, his innovations are reshaping not only technology but also governance, finance, and space exploration.