How do you quantify the premium associated with being the world’s most influential (non-elected) person? We give you, the Elon Index.
Elon Musk companies have outperformed the Nasdaq by 3x since US election day.**
We compiled this index using Tesla stock price movements and Caplight’s private company data. The private market data includes new funding rounds (i.e. SpaceX, xAI), observed secondary market trades and buy/sell interest, and mutual fund valuation marks (i.e. X). For simplicity, this is an equal-weighted index.
What it means:
Investors are betting the web of Elon companies will become even more valuable as his influence with the next administration plays out.
The richest man alive has certainly gotten richer… but it’s hard not to also think about employee Nth on the Tesla/SpaceX factory floor who is an equity holder and is along for the ride.
What’s your take? Long or short this index?
**Past performance is not indicative of future results.
DISCLAIMER: "This is for informational purposes only and does not constitute an offer to buy or sell securities. Any investment in private funds is speculative, carries risk, and is suitable only for those who can bear the loss of their entire investment. Private funds investments are illiquid, and shares will not be redeemable at investor's discretion. Investors should fully understand and be able to assume the risks associated with investing in private funds."
