忘了特朗普的贸易 - 也许“麝香贸易”一直是一直以来的地方

据彭博社数据显示，自选举以来，埃隆·马斯克（Elon Musk）的总体净资产已增长了约1350亿美元。

After Donald Trump's presidential election victory in November, there was an immediate surge in assets ranging from stocks to crypto, which was dubbed the "Trump trade." However, after an initial bump, things didn't go as expected.

唐纳德·特朗普（Donald Trump）在11月的总统大选胜利之后，从股票到加密货币（Crypto）的资产立即激增，被称为“特朗普贸易”。但是，经过最初的颠簸，事情并没有按预期进行。

The president was less decisive than anticipated — particularly when it came to tariffs — and it caused the trade to fade.

总统比预期的要果断的不太果断，尤其是在关税方面，这会导致贸易逐渐消失。

Meanwhile, assets specifically linked to Trump's efficiency-bureau righthand man Elon Musk have soared in appeal and value. Forget the Trump trade — maybe the "Musk trade" has been the place to be all along.

同时，与特朗普的效率 - 枪手伊隆·马斯克（Elon Musk）的效率 - 布劳（Elon Musk）特别有联系的资产飙升和价值。忘了特朗普的贸易 - 也许“马斯克贸易”一直是一直以来的地方。

The clearest distillation of this is in Musk's overall net worth, which has grown by roughly $135 billion since the election, through Wednesday, according to Bloomberg data.

根据彭博社数据，这是马斯克的总净资产最明显的蒸馏，自彭伯格数据以来，自大选以来，它已经增长了约1350亿美元。

But it can also be seen across Musk's array of companies, both public and private, as well as assets that function as real-time sentiment gauges for the polarizing Tesla billionaire.

但是，在马斯克（Musk）的公共和私人公司中，也可以看到它是两极分化特斯拉亿万富翁的实时情感计量表的资产。

Here are five ways the Musk trade has panned out positively since November:

自11月以来，马斯克贸易积极地淘汰的五种方式：

Despite choppy returns year-to-date, Tesla stock closed Thursday up 42% since the election.

尽管逐年回报，但特斯拉股票自大选以来周四关闭了42％。

Musk has set an ambitious 2025 plan for the electric vehicle maker, including the rollout of a network of automated Cybercabs in Austin, Texas, and a return to vehicle-sales growth for the overall business.

马斯克为电动汽车制造商制定了一个雄心勃勃的2025年计划，包括在德克萨斯州奥斯汀的自动赛车网络推出，以及为整个业务重返车辆销售增长。

Meanwhile, Trump's plan to roll back Biden-era tax credits for EVs has been viewed by many analysts on Wall Street as a headwind for Tesla's competitors.

同时，特朗普在华尔街上的许多分析师认为，特朗普将拜登时代的电动汽车税收抵免的计划视为特斯拉竞争对手的逆风。

The meme cryptocurrency dogecoin has surged about 60% since Trump's election win. Musk has long called the Shiba Inu-inspired meme coin his favorite crypto, and even named the Department of Government Efficiency after it.

自特朗普大选赢得以来，Meme Cryptocurency Dogecoin飙升了约60％。马斯克长期以来一直称志伊INU启发的模因硬币为最喜欢的加密货币，甚至在政府部门之后任命了政府效率部。

Meme coins broadly have seen sharp gains in recent months. That's allowed dogecoin, the original meme token, to ride a wave of enthusiasm generated by Trump and Musk's deep political ties.

近几个月来，模因硬币广泛看到了巨大的收益。这使得Dogecoin（原始的模因象征）能够散发出特朗普和马斯克的深层政治联系所产生的热情。

X, formerly Twitter, has seen a resurgence in recent months, at least on paper.

X，以前是Twitter，至少在纸上已经看到了近几个月来的复兴。

The banks that arranged financing for Musk's acquisition of the social media platform have been able to sell much of the previously unappealing debt they've been forced to sit on since 2022.

为马斯克收购社交媒体平台而安排融资的银行已经能够出售自2022年以来被迫坐下的许多以前没有令人着迷的债务。

The latest chunk of this debt — $4.74 billion, to be exact — was sold last week at face value. The sale was upsized from the $3 billion originally sought by Morgan Stanley and other banks after demand was higher than expected.

这笔债务的最新部分（确切地说是47.4亿美元）上周以面值出售。此次出售的规模与摩根士丹利和其他银行的需求高于预期的30亿美元的价格相比。

This reversal of fortunes coincides with recent X financials that showed EBITDA of $1.2 billion in 2024, roughly unchanged from the period before Musk's takeover of the now-private company.

这种命运的逆转与最近的X财务公司相吻合，该财务显示了2024年的EBITDA为12亿美元，这与马斯克（Musk）接管这家私人公司之前的时期大致保持不变。

Feeding into this, advertisers are returning to the platform. There's Apple, for one. Other big names that ranked among the top spenders on X in January included Amazon, Robinhood, and Chinese e-commerce giant Temu.

为此，广告客户返回平台。有一个苹果。 1月份在X上排名最高的其他大人物包括亚马逊，Robinhood和中国电子商务巨头Temu。

Elon Musk's xAI, which is a direct competitor to OpenAI, is also benefitting from a surge in interest from investors.

埃隆·马斯克（Elon Musk）的Xai是OpenAI的直接竞争对手，也从投资者的兴趣激增中受益。

The company, which has raced to build a massive AI data center in Memphis, is in talks to raise $10 billion at a $75 billion valuation, according to Bloomberg.

据彭博社称，该公司已在孟菲斯建立大规模的AI数据中心，正在谈判以100亿美元的估值筹集100亿美元。

That would represent an 88% increase from the company's $40 billion valuation in December, when it raised $6 billion in a Series C funding round.

这将比该公司在12月的400亿美元估值中增长88％，当时它在C系列C融资回合中筹集了60亿美元。

"This pivot into AI, for Elon, is obviously what he's good at," Ross Gerber, the CEO of Gerber Kawasaki CEO and a longtime Tesla investor, told BI. "He's 100% focused on AI."

Gerber Kawasaki首席执行官兼长期特斯拉投资者（Tesla Investor）的首席执行官罗斯·格伯（Ross Gerber）告诉BI：“对埃隆（Elon）而言，这个枢纽显然是他擅长的。” “他100％专注于AI。”

SpaceX, Musk's space flight company, is also among the entities that's seen its valuation soar since Trump's election.

Musk的太空飞行公司SpaceX也是自特朗普当选以来其估值飙升的实体之一。

In December, the space exploration company sold shares at a $350 billion valuation, a 67% increase from its previous valuation of $210 billion.

12月，该太空勘探公司以3500亿美元的估值出售股票，比以前的2100亿美元估值增长了67％。

SpaceX is also racking up deals for its satellite internet division, Starlink, with companies like T-Mobile.

SpaceX还与T-Mobile这样的公司与卫星互联网部门Starlink达成了交易。

And not just in the US. In early January, it was reported that the Italian government was considering a $1.6 billion deal for secure telephone and internet via Starlink.

而不仅仅是在美国。 1月初，据报道，意大利政府正在考虑通过Starlink为安全电话和互联网达成16亿美元的交易。