🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Elon Musk companies may add over $220 billion in combined value after new funding rounds: Report | Company Business News
Livemint
·
5m ago
Medial
Elon Musk’s companies, including Tesla, SpaceX, and xAI, have significantly increased in value since the US presidential election, with a combined $613 billion surge. Tesla's stock has dropped about 25% from its peak but still holds strong on valuation. SpaceX became the most valuable tech startup, while xAI almost doubled its valuation. New funding rounds may add over $220 billion to Musk's private companies, potentially raising his net worth to over $420 billion.
View Source
Related News
Musk denies report of SpaceX's share sale at $200 bn valuation
Money Control
·
1y ago
Medial
SpaceX is planning a tender offer, a transaction that allows employees and other insiders to sell shares, that could value the company at around $200 billion, Bloomberg reported. "SpaceX has no need for additional capital and will actually be buying back shares. We do liquidity rounds for employees and investors every...six months," CEO Elon Musk said denying the report.
View Source
Elon Musk now has more money than Mukesh Ambani and Gautam Adani combined
Livemint
·
1y ago
Medial
According to the Bloomberg Billionaire's Index, Elon Musk has emerged as the richest person, surpassing Mukesh Ambani and Gautam Adani combined. Musk's net worth is reported to be $204 billion, while Ambani has a net worth of $108 billion and Adani has a net worth of $95.9 billion. This development comes after Bernard Arnault briefly overtook Musk as the richest person. Elon Musk recently announced the successful implantation of a brain chip by his company, Neuralink.
View Source
Musk confirms diverting Nvidia AI chips away from Tesla
Livemint
·
1y ago
Medial
Tesla CEO Elon Musk responded to a CNBC report that revealed 12,000 Nvidia AI chips originally meant for Tesla had been redirected to the automaker's chip division. Musk said the chips were being stored in a warehouse, referencing Tesla's new Pikemi chip division. Musk's post may fuel existing criticism that his focus on other projects like robotics and driverless cars is taking priority over Tesla's core business. Musk also confirmed that Tesla's Gigafactory in Texas is nearly complete and will house 50,000 Nvidia AI chips. Tesla is expected to spend between $3 billion and $4 billion on Nvidia hardware this year.
View Source
Tesla tumbles after CEO Elon Musk warns of slower growth in 2024
Reuters
·
1y ago
Medial
Tesla's stock tumbled 7% after CEO Elon Musk warned of slower sales growth this year, despite recent price cuts. Musk stated that growth would be "notably lower" as Tesla focuses on a new electric vehicle to be produced in Texas. This announcement has raised concerns among investors, causing Tesla's market value to potentially decrease by $50 billion. The EV industry has been experiencing a slowdown in demand, and Tesla's price cuts are expected to add further pressure on the industry.
View Source
Musk taps investors for billions days after Washington exit
Economic Times
·
2m ago
Medial
Elon Musk is raising $5 billion in debt for xAI Corp, his AI startup, aiming to focus on business rather than politics. Morgan Stanley is handling the debt with a significant interest rate. The funds will support xAI’s AI infrastructure expansion, including a large data center in Memphis. This move follows Musk's departure from political roles and involves combined efforts across his ventures, including Neuralink and a secondary xAI stock offering.
View Source
Elon Musk to become world’s first trillionaire by 2027, THIS Indian billionaire to follow suit | Mint
Livemint
·
11m ago
Medial
According to a report from Informa Connect Academy, Tesla founder Elon Musk is predicted to become the world's first trillionaire by 2027. Musk, currently the world's richest person, has a net worth of $237 billion. The report also suggests that Gautam Adani, an Indian business tycoon, could become the second trillionaire in 2028, followed by Nvidia's Jensen Huang and Indonesian businessman Prajogo Pangestu. Bernard Arnault, the CEO of LVMH, is projected to become a trillionaire by 2030.
View Source
Elon Musk denies report claiming his AI firm secured $500 million funding
Economic Times
·
1y ago
Medial
Elon Musk has denied the report that his AI company 'xAI' secured $500 million in funding, calling it "fake news". The report had stated that xAI was in talks with investors for additional funding, potentially valuing the company at $15 billion to $20 billion. However, Musk dismissed the report as inaccurate, stating that xAI has raised $134.7 million so far, and that the mentioned funding amount is not true.
View Source
Aster DM, Blackstone-backed Quality Care announce merger in $5 bn deal
Livemint
·
8m ago
Medial
Bengaluru-based Aster DM Healthcare announced a merger with Blackstone-backed Quality Care India Limited (QCIL), creating a Top 3 player in India's hospital industry. The merger will value the combined entity at $5.08 billion and give Aster shareholders a 57.3% stake in the merged company. The merger is expected to be completed in 12 months, pending regulatory approvals. The combined entity will have 10,150 beds and plans to add 3,180 more in the next two years. Blackstone will be the largest shareholder with a 30.7% stake.
View Source
X is worth 71% less now after Elon Musk took over and burned its bridges with advertisers: Fidelity
Business Insider
·
1y ago
Medial
Elon Musk's acquisition of X (formerly Twitter) has led to a significant decline in its value, with Fidelity reporting a 71.5% decrease since the purchase. Fidelity has been revising down the value of its equity stake in X consistently since Musk took over, estimating it to be worth around $15 billion in May 2023. X faced financial challenges throughout the year, including a drop in advertising revenue and a boycott by major advertisers due to controversy surrounding Musk's endorsement of an antisemitic post.
View Source
Musk's Tesla, Starlink entry to India be boosted by Trump: Report
Inshorts
·
9m ago
Medial
Elon Musk's plans about Tesla and Starlink's entry into India may get a boost with newly-elected US President Donald Trump's support, a report said. Trump's influence could ease the regulatory hurdles that the world's richest man faces in India, the report added. Notably, Musk has actively endorsed Trump in the elections.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
/cloudfront-us-east-2.images.arcpublishing.com/reuters/LVFKZ3ZVGFOQNFGL53MUXQ3OVQ.jpg)
