Part 3/14:
This pattern is not accidental; it’s a deliberate strategy to shape the future of his businesses without interference. By holding significant voting rights, Musk can fund long-term projects like AI, robotics, lunar manufacturing, and space infrastructure without worries about shareholder backlash or short-term pressures.
Mergers and the Big SpaceX/XAI Deal
On February 2nd, SpaceX acquired XAI for about $1.25 trillion—combining SpaceX’s rockets, Starlink satellites, and AI developments with XAI’s models and user base. SpaceX’s valuation is estimated at $1 trillion, while XAI adds an additional $250 billion, creating a colossal tech conglomerate.