Core Insights - Elon Musk's wealth is increasingly driven by SpaceX, which now constitutes nearly two-thirds of his net worth, estimated at around $845 billion, surpassing the combined wealth of the next three richest individuals [1] - SpaceX's acquisition of Musk's AI and social media company, xAI, valued the merged entity at $1.25 trillion, with Musk's stake in the company estimated at over $530 billion [2] - Musk's focus is shifting towards SpaceX, as indicated by Tesla's proxy filing, which acknowledges that a majority of Musk's wealth now comes from other ventures [3] Company Developments - SpaceX has secured over $20 billion in federal government contracts, with more lucrative contracts anticipated, and Musk envisions the acquisition as a step towards developing "orbital data centers" [4] - The merger of SpaceX and xAI may expand access to larger capital markets, particularly for xAI, which has a significant capital requirement [4] - xAI is currently under investigation by authorities in multiple regions due to concerns over its Grok image generator, which has been linked to the creation of explicit deepfake images [4] Regulatory Considerations - It remains uncertain whether the merger between SpaceX and xAI will necessitate regulatory review, as there are calls for investigations into SpaceX regarding undisclosed Chinese investors [5]

Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe.Tesla sold $430 million worth of its giant backup batteries called Megapacks to xAI, Elon Musk's artificial intelligence startup, in 2025, according to a filing on Thursday. The sales to xAI accounted for around 3.4% of Tesla's energy business revenue, which climbed 27% to $12.8 billion last year from $10.1 billion in 2024, the filing said. Tesla's energy division, which sells solar photovoltaics ...