A proposed merger between SpaceX and xAI could propel Elon Musk’s net worth toward $1 trillion, underscoring how private-market valuations are reshaping wealth.
Elon Musk’s influence has long spanned multiple industries. A potential merger between two of his companies would concentrate that power even further.
According to people familiar with the matter, a combination of SpaceX and xAI would dramatically increase Musk’s paper wealth—potentially bringing him within striking distance of a $1 trillion net worth.
The move would also blur the boundaries between aerospace infrastructure and artificial intelligence.
Why the merger matters
SpaceX is already one of the most valuable private companies in the world, driven by its launch business and satellite internet unit. xAI, meanwhile, is a younger but rapidly growing AI company positioned to compete at the frontier of generative models.
A merger would allow investors to value Musk’s AI ambitions through the lens of SpaceX’s scale and capital base, rather than as a standalone startup with higher perceived risk.
That valuation logic is increasingly common in private markets, where strategic narratives can matter as much as near-term revenue.
Private valuations, public impact
While the merger would not immediately affect public markets, its implications extend beyond balance sheets.
Combining AI development with space-based infrastructure raises questions about data access, national security, and market concentration—particularly as SpaceX plays a growing role in global communications.
For Musk, the merger would further centralize control across key technological layers: launch, connectivity, and intelligence.
A trillion-dollar milestone—on paper
Approaching a $1 trillion net worth would place Musk in uncharted territory, but the figure would remain largely illiquid and highly sensitive to valuation assumptions.
Private company shares cannot be sold easily, and shifts in investor sentiment could dramatically alter headline numbers.
Still, the symbolism matters. It reflects how wealth creation is increasingly driven by ownership stakes in a small number of highly valued private companies rather than diversified public holdings.
What comes next
Any merger would face scrutiny from regulators and investors, particularly given the strategic nature of both companies. Questions around governance, transparency, and cross-company dependencies would need to be addressed.
For now, the proposal highlights a broader reality: as private tech empires grow larger and more interconnected, individual founders can accumulate levels of economic influence once thought impossible.
Elon Musk’s empire may soon cross that psychological threshold—whether or not the trillion-dollar figure ever becomes spendable.
