"SpaceX, by itself, is responsible for 80% of all mass moved into orbit last year. It dominates that particular industry, Botha told Axios' Dan Primack."
"In the case of OpenAI, an incredible business, they have several competitors as large language models, he said, mentioning Google's Gemini by name."
"Elon doesn't want to be encumbered with some of the bureaucracy that goes along with sort of more traditional boards. It doesn't mean that he's not open to advice.....he wants to build really successful businesses, Botha said."
"I think the vibe in general was that it was a more pro-business administration than we'd seen under the previous administration, he noted."
SpaceX accounted for 80% of the mass launched into orbit last year and holds a dominant position in the launch industry. OpenAI faces meaningful competition in the consumer AI market from several large language models, including Google's Gemini, limiting runaway market dominance characteristics. Elon Musk maintains tight operational control over his companies, prefers minimal traditional board bureaucracy, yet remains receptive to advice and focused on building successful businesses. Expectations that a second Trump administration would drastically ease M&A regulation proved overstated, although recent U.S.-traded company deals exceeded $80 billion during a recent Merger Monday. Sequoia experienced a leadership change while the departing senior steward remains a partner and board member.
Read at Axios
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