The tech mogul’s net worth has reached an estimated $852 billion following the SpaceX-xAI merger
Elon Musk has become the first person ever to be worth $800 billion or more, after SpaceX acquired his AI and social media company xAI this week.
Forbes estimates that the merger, which values the combined company at $1.25 trillion, added $84 billion to Musk’s fortune, making it worth a record $852 billion.
Before the deal, Musk held a significant stake in SpaceX and a controlling share in xAI. In the wake of the merger, which valued the combined company at over $1 trillion, he now controls a large portion of the business, making it the most…
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