Elon Musk company properties in Texas valued at $2.5 billion

Elon Musk’s footprint in Texas keeps getting bigger.

The appraised value of properties in the state owned by the billionaire’s companies has climbed in recent years to at least $2.5 billion, according to county land appraisal data aggregated by NBC News. 

An analysis of the data shows that the appraised value of Musk’s companies’ land holdings has grown over 400% in the past five years, a combination of investments in the land and rising real estate prices. Most of that rise can be attributed to two major investments: Tesla’s Gigafactory near Austin and SpaceX’s launch site at the southern tip of the state.