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SpaceX Could Rocket Musk to Trillionaire Status - Tesla (NASDAQ:TSLA)
The $1.25 trillion merger aims to deploy up to one million solar-powered satellites as orbital data centers to reduce Earth-based energy and cooling challenges.
- On Monday, SpaceX announced it acquired xAI in a stock-for-stock merger, creating a company valued at $1.25 trillion, with SpaceX at $1 trillion and xAI at $250 billion.
- Combining SpaceX's launch capacity with xAI's compute and Grok, the merger positions SpaceX ahead of an IPO later this year to compete with OpenAI and Anthropic.
- Using Starship, the plan calls for deploying satellites this year and launching up to one million solar-powered satellites as orbital data centers that release heat into space.
- Analysts say the merger creates one of the world's biggest private companies, giving xAI a cash injection but raising concerns over its $1 billion monthly burn and $12 billion debt.
- Experts caution the idea is conceivable but likely many years away, citing cosmic rays as a hardware risk, while critics describe the rapid timeline as pre-IPO narrative lift and financial engineering.
14 Articles
14 Articles
SpaceX Could Rocket Musk to Trillionaire Status - Tesla (NASDAQ:TSLA)
Elon Musk took a significant step towards potentially becoming the world's first trillionaire by merging his aerospace company, SpaceX, with his artificial intelligence firm, xAI. Importance Rank: 1
Markets will soon test a Musk merger that promises 'space-based internet'
Elon Musk’s move last week to combine SpaceX and xAI has created one of the world’s biggest and most valuable private companies, which analysts say offers a mix of potential growth and financial risk as it heads toward public markets
Elon Musk on path to become world's first trillionaire with SpaceX-xAI
Elon Musk’s journey to becoming the world’s first trillionaire will likely be powered by rockets rather than cars, as SpaceX now accounts for nearly two-thirds of the Tesla CEO’s wealth. Musk became the first person ever to top the $800 billion mark this week, with his net worth now around $845 billion, according to Forbes. He’s worth more than the next three richest people – Google co-founders Larry Page and Sergey Brin and Meta CEO Mark Zucker…
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