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Elon Musk's unforgettable year in 7 charts

Tesla and SpaceX CEO Elon Musk.
  • Elon Musk has had a big year with Tesla and SpaceX soaring in value, supercharging his net worth.
  • He helped Donald Trump win reelection and intends to transform the US government in 2025.
  • Scroll down for seven charts showing how Musk's 2024 played out.

Elon Musk has had a year for the record books.

His businesses have taken off, with Tesla, SpaceX, xAI, and Neuralink all touching new valuation highs. Their success has boosted Musk's net worth to above $450 billion for the first time, putting him over $200 billion ahead of the world's second-richest person, Amazon's Jeff Bezos.

Musk has also become a power player in US politics after wielding his cash and clout to help win Donald Trump a second term in office. As one of the president-elect's closest advisors, he's now gearing up to overhaul the US government.

The situation seems worse at X, formerly Twitter, after Musk's $44 billion takeover and reshaping of the platform sparked an advertiser exodus.

Take a look at Musk's 2024 in charts (all data is accurate as of Friday, December 20):

1. Charging ahead

Tesla shares have shot up as much as 85% this year, driving the electric vehicle maker's market value above $1.4 trillion for the first time. They've since retreated but continue to trade near record levels.

The automaker has benefited from market buzz around artificial intelligence — which it's harnessing to develop self-driving cars and humanoid robots — plus a robust US economy and the Federal Reserve cutting interest rates.

Investors are also betting that Musk's businesses will benefit from his close ties to Trump, which could translate into less stringent regulations, government subsidies, tariff exemptions, and more.

2. Reaching for the stars

SpaceX's valuation nearly doubled from $180 billion at the end of last year to $350 billion this month, based on the price paid by the company and its backers for employee shares in its latest tender offer.

Musk's rocket, spacecraft, and satellite communications company made several technological breakthroughs this year. For example, it plucked the first-stage booster of its new Starship out of the air using a massive pair of mechanical "chopsticks" in October.

3. Shifting fortunes

Musk's net worth slumped in the spring as Tesla stock tumbled, dropping below $170 billion at its nadir.

But it rebounded by over $300 billion to touch an unprecedented $486 billion on December 17, as Tesla hit fresh highs and SpaceX notched a $350 billion valuation.

4. Rise of the robots

Musk's artificial intelligence company, xAI, was only founded in July 2023.

Yet it notched a post-money valuation of $24 billion in May following its Series B funding round. That rose to $50 billion in November, reports say, meaning the maker of the Grok chatbot is worth roughly as much as Monster Beverage.

5. X marks the drop

It remains tricky to gauge the health of X, the social media company formerly known as Twitter that Musk took private in 2022. One way is to use Fidelity's monthly estimates of the value of its stake in the business.

The mutual fund giant's figures imply that X's valuation has crashed since Musk's purchase. The tech billionaire laid off a large part of the company's workforce and relaxed content moderation in support of greater free speech, triggering an advertiser exodus that hammered the company's revenues.

Regardless, Musk recently posted on X that the platform has roughly 1 billion active users, although around 40% of them only log on during important world events.

6. Trump train

Musk was one of the biggest spenders in the US presidential election, deploying over $270 million to back Trump's race for president, run ads against Democrats, and promote conservative viewpoints.

His starring role in Trump's victory and emergence as one of the president-elect's closest advisors and a co-chief of the new Department of Government Efficiency suggests that his investment in the election has paid off.

7. Building brainpower

Neuralink, Musk's neurotechnology company, was valued at $8 billion this summer, up from about $2 billion three years earlier.

The developer of brain-computer interfaces wants to allow people with quadriplegia to control computers with their thoughts. Musk released footage this spring of the first patient to receive one of its brain implants.

Read the original article on Business Insider
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Emmy Awards Rule Changes Revealed by Television Academy Ahead of 2025 Ceremony

The Television Academy is implementing some changes to their rules ahead of the 2025 Emmys awards ceremony later this year.

On Wednesday (January 8), it was revealed that the Academy had made a big change about how actors can be nominated in Lead and Guest Actor categories.

They also revealed several other changes to the rules, which will be implemented between this year’s ceremony and the 2026 one.

Keep reading to find out more…

According to reporting by Variety, the largest change to the rules is that actors will not be able to compete in both the Lead Actor and Guest Actor categories for the same role over the years.

This is something that stars like Claire Foy have done. The actress played Queen Elizabeth in The Crown and won an Emmy in the Lead Actress category in 2018. She later competed in the Guest Category and was nominated for cameo appearances in the show as the Queen.

This is the official rule: “If a performer has been nominated or has won in a lead or supporting performer category, the performer will not be eligible to submit in a guest performer category in a subsequent Emmy year for playing the same character role in the same series. They may, however, continue to enter in a lead or supporting category.”

For 2025, directors will also be able to submit themselves for their work across multiple projects instead of having to select one.

“This change will allow the director to submit an episode from each of the programs they directed,” the Academy explained about the decision.

Rules that will go into place for the 2026 ceremony will change how the nominations are given out for reality casting categories. There will also be a change for the main title theme race, which refers to the music that plays at the opening of shows.

Awards season recently kicked off with the 2205 Golden Globes. Check out all of our coverage from the event.

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