SpaceX-xAI merger pushes Musk closer to $1T net worth

Elon Musk’s net worth reached about US$845 billion, with much tied to SpaceX after it acquired his AI company xAI this week.

The combined entity is valued around US$1.25 trillion, according to CNBC.

Musk owns about 43% of this merged company, making his stake worth over US$530 billion.

Musk plans to take SpaceX public by 2026, which may reduce Tesla’s role in his wealth.

🔗 Source: CNBC

🧠 Food for thought

Implications, context, and why it matters.

Musk has said he wants to take SpaceX public in 2026, and sources said newly revealed financials put 2025 EBITDA (earnings before interest, taxes, depreciation, and amortization) at about $8 billion on $15 billion to $16 billion in revenue 1.
Sources said Starlink satellite internet brings in about 50% to 80% of the company’s total revenue 1.
Sources described a huge footprint, with about 9,500 satellites launched since 2019 and more than 9 million users worldwide 1.
Sources said Starlink revenue plus related government contracts, including the military-grade Starshield network, has helped pay for development of the next-generation Starship rocket 1.

Commentators have floated a SpaceX and Tesla merger as a way to handle AI’s steep funding needs, though it has not been announced as a plan 2.
Greg Martin of Rainmaker Securities (a financial research and brokerage firm) said Musk’s AI venture xAI has an “insatiable need for capital” to take on Google, OpenAI, and Anthropic 2.
Investor Ross Gerber said Alphabet plans up to $185 billion in capital expenditures (spending on long-term assets such as data centers) this year, and he argued a more consolidated Musk empire could make fundraising or borrowing easier while also speculating about a SpaceX and Tesla merger 2.
Rising AI costs could push industrial and tech giants toward unusual tie-ups across aerospace, automotive, and AI to finance new work.