How far will Elon Musk take the ‘everything’ business as SpaceX and xAI merge?

How far will Elon Musk take the ‘everything’ business as SpaceX and xAI merge?
Listen on Apple Podcasts Listen on Spotify Elon Musk has merged SpaceX and xAI, creating what might be the blueprint for a new Silicon Valley power structure.

<a href="https://podcasts.apple.com/us/podcast/equity/id1215439780" target="_blank" rel="noopener noreferrer nofollow" class="podcast-badge podcast-badge--apple"> Listen on Apple Podcasts </a>
<a href="https://open.spotify.com/show/5IEYLip3eDppcOmy5DmphC?si=rZDFHv2sQUul_g94iCRgpQ&amp;nd=1&amp;dlsi=467965469f3e484e" target="_blank" rel="noopener noreferrer nofollow" class="podcast-badge podcast-badge--spotify"> Listen on Spotify </a>
<p id="speakable-summary" class="has-text-align-left wp-block-paragraph">Elon Musk has <a href="https://techcrunch.com/2026/02/02/elon-musk-spacex-acquires-xai-data-centers-space-merger/" target="_blank" rel="noreferrer noopener">merged SpaceX and xAI</a>, creating what might be the blueprint for a new Silicon Valley power structure. With his $800 billion net worth already rivaling historic conglomerate GE’s peak market cap, and Musk being vocal about his view that “tech victory is decided by velocity of innovation,” the question isn’t whether a <a href="https://techcrunch.com/2026/02/01/bye-bye-corporate-conglomerates-hello-personal-conglomerates/" target="_blank" rel="noreferrer noopener">personal conglomerate</a> can be built, but rather how far Musk himself is going to take it. </p>
<p class="wp-block-paragraph">Today on <a href="https://techcrunch.com/podcasts/equity/" target="_blank" rel="noreferrer noopener">Equity</a>, we’re unpacking this new era of the “everything” business, whether we’ll see others like <a href="https://www.cbinsights.com/research/report/sam-altman-investments/?utm_campaign=SO_IUR_LI_Q22024_CBI_SOCIAL&amp;utm_content=297674881&amp;utm_medium=social&amp;utm_source=linkedin&amp;hss_channel=lcp-1140722" target="_blank" rel="noreferrer noopener nofollow">Sam Altman</a> follow suit, and more of the week’s headlines. </p>
<p class="wp-block-paragraph">Listen to the full episode to hear about:  </p>
<ul class="wp-block-list">
<li class="wp-block-list-item"><a href="https://techcrunch.com/2026/02/02/waymo-raises-16-billion-round-to-scale-robotaxi-fleet-london-tokyo/" target="_blank" rel="noreferrer noopener">Waymo’s new $16B funding</a> and why Alphabet staying as majority owner matters for an eventual IPO </li>
</ul>
<ul class="wp-block-list">
<li class="wp-block-list-item">Why everyone from <a href="https://techcrunch.com/2026/02/03/intel-will-start-making-gpus-a-market-dominated-by-nvidia/" target="_blank" rel="noreferrer noopener">Intel</a> to <a href="https://techcrunch.com/2025/07/28/tesla-signs-16-5b-deal-with-samsung-to-make-ai-chips/" target="_blank" rel="noreferrer noopener">Tesla</a> is trying to break <a href="https://techcrunch.com/2026/01/31/nvidia-ceo-pushes-back-against-report-that-his-companys-100b-openai-investment-has-stalled/" target="_blank" rel="noreferrer noopener">Nvidia’s AI chip dominance</a> </li>
</ul>
<ul class="wp-block-list">
<li class="wp-block-list-item"><a href="https://techcrunch.com/2026/02/04/elevenlabs-raises-500m-from-sequioia-at-a-11-billion-valuation/" target="_blank" rel="noreferrer noopener">ElevenLabs’ $11B valuation</a>, and why some investors are doubling — and quadrupling — down as it moves beyond voice AI </li>
</ul>
<ul class="wp-block-list">
<li class="wp-block-list-item"><a href="https://techcrunch.com/2026/02/04/exclusive-positron-raises-230m-series-b-to-take-on-nvidias-ai-chips/" target="_blank" rel="noreferrer noopener">Positron’s $230M bet</a> on power-efficient chips as the next frontier </li>
</ul>
<p class="has-text-align-left wp-block-paragraph">Subscribe to Equity on <a href="https://www.youtube.com/@TechCrunch" target="_blank" rel="noreferrer noopener nofollow">YouTube</a>,<a href="https://itunes.apple.com/us/podcast/id1215439780" target="_blank" rel="noreferrer noopener nofollow"> Apple Podcasts</a>,<a href="https://overcast.fm/itunes1215439780/equity" target="_blank" rel="noreferrer noopener nofollow"> Overcast</a>,<a href="https://open.spotify.com/show/5IEYLip3eDppcOmy5DmphC?si=rZDFHv2sQUul_g94iCRgpQ" target="_blank" rel="noreferrer noopener nofollow"> Spotify</a> and all the casts. You also can follow Equity on<a href="https://twitter.com/EquityPod" target="_blank" rel="noreferrer noopener nofollow"> X</a> and<a href="https://www.threads.net/@equitypod" target="_blank" rel="noreferrer noopener nofollow"> Threads</a>, at @EquityPod.</p>