"Aerospace, energy, healthcare, mobility, and media. Thirty years ago, we'd be talking about General Electric. Today, we're talking about Elon Musk. He's the CEO of Tesla, xAI, and SpaceX, which also owns the telecoms company Starlink. He owns the social media platform X. He's developing neural implants and underground tunnels. He's put at least $10 million behind fertility research. Musk also appears to be merging several of these ventures into one conglomerate."
"The Welch comparison could turn out to be particularly valid if Musk follows through on rumors that he's trying to merge some combination of SpaceX, xAI and Tesla. The similarities aren't all encompassing, of course. GE was a company, and Musk is a person. But the distinction can get a bit blurry in an era when his net worth eclipses the market cap of 97% of the S&P 500."
Elon Musk leads companies across aerospace, energy, healthcare, mobility, and media, including Tesla, SpaceX, xAI, Neuralink, The Boring Company, and Starlink. He owns the social media platform X and has invested in fertility research and neural implants. Musk's net worth is approaching $800 billion, comparable to General Electric's peak when adjusted for inflation, which narrows the line between individual wealth and corporate market influence. Comparisons to Rockefeller and Jack Welch arise from potential conglomeration and cultural influence over executives. Musk's companies have had limited operational overlap, but recent investments and integrations suggest increasing consolidation among his ventures.
Read at TechCrunch
Unable to calculate read time
Collection
[
|
...
]