Elon Musk's Historic Wealth Milestone
Elon Musk has become the first person in history to surpass the $800 billion mark in net worth, reaching approximately $852 billion (about R$4.4 trillion) after SpaceX acquired the artificial intelligence company xAI.
According to Forbes, the deal valued the combined company at $1.25 trillion and increased the billionaire's fortune by $84 billion.
Ownership and Valuation Details
Before the operation, Musk held about 42% of SpaceX, a stake valued at $336 billion based on a private tender in December that estimated the company at $800 billion.
He also owned approximately 49% of xAI, valued at $122 billion after a funding round that set the company's market value at $250 billion.
After the fusion—which attributed $1 trillion to SpaceX and maintained xAI at $250 billion—Forbes calculates that Musk now holds 43% of the combined company, a share valued at $542 billion.
Fusion Creates World's Most Valuable Private Company
The fusion between the two companies was announced by the billionaire on Monday (2), ahead of a mega IPO (Initial Public Offering) in the United States.
An IPO is the first public offering of a company's shares, where part of the capital is sold to investors. The objective is to raise funds to expand operations, invest in projects, or reduce debts.
The resulting company from the fusion is expected to price shares at about $527 (R$2,771) each and achieve a valuation of $1.25 trillion (R$6.57 trillion), according to Bloomberg.
The deal, which creates the world's most valuable private company, encompasses the billionaire's increasingly ambitious goals in the fields of artificial intelligence and space exploration.
The most ambitious and vertically integrated innovation engine on Earth (and beyond).
Objectives and Scope of the Acquisition
In a statement, Musk affirmed that the fusion aims to create the most ambitious and vertically integrated innovation engine on Earth (and beyond), by uniting businesses operating in areas such as space exploration, satellite internet, and artificial intelligence.
The acquisition of xAI by SpaceX involves two of the planet's largest privately held companies. It is also one of the most ambitious unions ever made in the technology sector, combining a defense and space exploration contractor with a rapidly growing AI developer.
Potential Regulatory Challenges
The measure, however, still needs to be analyzed. The agreement may draw attention from regulators and investors regarding governance issues, valuation, and potential conflicts of interest.
This is due to Musk's leadership role in various companies, as well as the possible movement of engineers, proprietary technology, and contracts between the entities.
