Musk Folds xAI Into SpaceX
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Elon Musk has become the first person to surpass $800 billion in net worth following the merger of SpaceX and xAI, valued at $1.25 trillion. This deal boosted his fortune to $852 billion, with his SpaceX stake now his most valuable asset.
Tesla expects to more than double capital spending in 2026 as it invests heavily in robotics and driverless technology.