SpaceX Acquires xAI, Making Elon Musk the World’s First $800 Billion Individual

Rocket manufacturer SpaceX has acquired artificial intelligence and social media company xAI, a move that has made Elon Musk the world’s first individual with a net worth exceeding $800 billion.

Following the acquisition deal, the combined valuation of the companies stands at $1.25 trillion. As a result, Musk’s personal wealth has increased by $84 billion, bringing his total net worth to approximately $852 billion.

In December last year, SpaceX was valued at $800 billion, with Musk’s 42 percent stake worth $336 billion. Earlier this month, xAI was valued at $250 billion, and Musk’s 49 percent stake in the company was estimated at $122 billion. After the merger, Musk now holds a 43 percent stake in the combined entity, valued at $542 billion.

Beyond these two companies, Musk owns a 12 percent stake in electric vehicle maker Tesla, currently valued at $178 billion. His Tesla stock options are estimated to be worth an additional $124 billion.

This marks the second time in less than a year that two of Musk’s companies have been merged. In March last year, Musk announced the merger of his artificial intelligence company xAI with social media platform X (formerly Twitter). At that time, xAI was valued at $80 billion, while X was valued at $33 billion.

In the global billionaire rankings, Musk is followed by Google co-founder Larry Page. However, the wealth gap between the two stands at a record $578 billion. Page’s net worth is estimated at approximately $281 billion.