Despite losing money through Tesla and SpaceX, Musk's net worth remains around $320.2 billion, according to Forbes. Tesla shares have dropped over 50% in price since December 2024, significantly impacting Musk's wealth. The top ten wealthiest people in the world, including Musk, are collectively worth $1.736 trillion.

Elon Musk will not be working for the Trump administration come July, according to Polymarket investors who have gambled on the political future of MAGA’s new No. 2. The prediction market, which famously favored a Donald Trump election win last fall while political polls still had the race as neck and neck,

The White House said on Wednesday that tech billionaire Elon Musk will stay on to complete his mission to slash government spending and downsize the federal workforce, dismissing media reports that he will leave the role soon.

The White House has not disclosed any clear timeline for closing down DOGE, and the government cost-cutting organization was never supposed to become a permanent fixture in Washington.

Musk and his affiliated groups sunk at least $21 million into the normally low-profile race and paid three individual voters $1 million each for signing a petition in an effort to goose turnout in the pivotal battleground state contest.