Tesla is charged on the stock market, but other Elona Musk companies have a day on the pitch on the secondary market – especially XAI

• Private Elona Male are hot goods in private marketswith value UniverseNeuralink, Boring Company and Xai fired 45% from last year’s presidential elections, according to Caplling trade trade trade shops. Yet, while investors in private markets come from Musk shares of private companies, Tesla The shares lost about half of their value.

While Tesla’s share price recently took over the beating, the fall from the grace one analysts one JPMORGAN says There may be no equalThe value of private companies Elona Musk has increased in four months since Donald Trump won the election.

Cumulative Value of Spacex, Neuralink, Boring Company and Xai has increased 45% in private markets since last November, according to data provided Wealth by a secondary market trading platform The capril. The Musk -the Social Media X company X was not taken into account in calculating due to the lack of interest of investors in the secondary market.

The shares of private companies are not listed on the stock market, so when early employees or VCs want to switch the shares, they do so through a more tiring process on the secondary market. Caplight helps to ease this sales on the market out of stock by combining hundreds of intermediaries and reconciling institutional investors with brokers, similar to the way in which in which Zillow Matching potential customers of home agents in the apartment market.

The leading rally among Musk private companies is his artificial intelligence company, XAI, which has acquired attraction among investors who want to use the latest advancement of high-tech. The price of the company’s shares has suddenly increased by 110% of the November elections, Caplight states, which gave the startup an estimate of about $ 96 billion.

It is rumored that AI funding a $ 10 billion funding circuit at $ 75 billion, Bloomberg reported Last month. Caplight assessment for XAI is higher due to the increased demand of institutional investors outside those involved in the reported funding circle.

Spacex shares also jumped more than 50% of the elections, according to draft data. The worst among Musk’s non-Tesla companies was a boring company, which has experienced a 7.8% drop in value since last year’s elections.

Unlike the stellar performance of their private companies, the shares of the only public company Musk, Tesla, lost about 50% of their value from reaching $ 479.86 in December. EV shares closed 3% on Thursday at $ 240 per share.

Private companies have been private for years for years, opening more opportunities to investors in the secondary market. The middle company was just under 11 years old at IPO since 2021, compared to seven years in 1980. JutarnjistarThe Caplight Executive Director Javier Avalos also said some technological companies, in particular, have been private for years because of the relative ease of funds raising.

“When you talk about companies that literally build rocket ships, implantation of chips in the brain of people, the construction of border models of large languages, it is easier to move them against your fundamental mission when you do not have to answer the invitation of earnings in the next quarter and analysts who will ask you a lot of questions,” Avalos said.

Although private companies do not benefit directly from the sale of shares on the secondary market as they do from the financing circle, it is increasingly common for private companies annually to execute multiple offers, where shareholders can transfer their proportions. Among the Musk companies, Spacex often performs tenders for the competition to be happy for investors and employees, Avalos said.

“This is an opportunity for shareholders to get some liquidity on their shares, which satisfies what was once a great need for publicity,” he said. “You had to go public because your risk capitalists and your early employees were supreme pressure on the company, saying: like:” I need liquidity. “

This story is originally displayed on Fortune.com