Trump Media's Valuation Surpasses Elon Musk's X Ahead of Election

The market value of Trump Media & Technology Group has surged past X, reflecting investor speculation tied to Trump's political prospects.

Trump Media & Technology Group's valuation has reached over $10 billion, driven by a significant increase in its stock price since late September.
The company's stock has been highly volatile, with trading halted multiple times due to sharp fluctuations in response to Trump's improving election odds.
Despite its soaring valuation, Trump Media continues to report financial losses and minimal revenue, with its market value largely fueled by election-related speculation.
Elon Musk's X, formerly known as Twitter, has seen its valuation decrease to approximately $9.4 billion since Musk's acquisition in 2022.
Musk, a prominent supporter of Trump, has contributed significantly to Trump's campaign, further intertwining their political and business interests.