Elon Musk has merged SpaceX and xAI, creating what might be the blueprint for a new Silicon Valley power structure. With his $800 billion net worth already rivaling historic conglomerate GE’s peak market cap, and Musk being vocal about his view that “tech victory is decided by velocity of innovation,” the question isn’t whether a personal conglomerate can be built, but rather how far Musk himself is going to take it.
Today on Equity, we’re unpacking this new era of the “everything” business, whether we’ll see others like Sam Altman follow suit, and more of the week’s headlines.
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