Elon Musk is betting another tech conglomerate to win over Wall Street
SpaceX, Elon Musk’s rocket and satellite company and the crown jewel of his business empire, and xAI, his cash-burning artificial intelligence and social media business, have little in common.
That’s why many were puzzled when Musk said this past week that he was merging the companies. The reason he gave sounded like it had less to do with the business synergies that investors love and more to do with the science fiction he loves.
