SpaceX deal for xAI puts Elon Musk to test
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Elon Musk just became the first person ever worth $800 billion or more after his rocket maker SpaceX acquired his artificial intelligence and social media company xAI. Forbes estimates that the deal, which values the combined company at $1.25 trillion, boosted Musk’s fortune by $84 billion, to a record $852 billion.
SpaceX acquired xAI to create a company valued at $1.25 trillion, SpaceX announced. Al Root, an associate editor at Barron's, joins with more.