Elon Musk’s expanding empire fuels talk of a modern conglomerate

[madmax]

Elon Musk now oversees businesses spanning electric vehicles, rockets, artificial intelligence, social media, telecommunications, brain implants, and infrastructure — a scope that has sparked comparisons to historic industrial titans. As CEO of Tesla, SpaceX, and xAI, owner of X, and founder of Neuralink and The Boring Company, Musk’s influence increasingly resembles that of a one-person conglomerate.

Rumors that Musk may merge parts of his empire — potentially Tesla, SpaceX, and xAI — have drawn comparisons to Jack Welch’s transformation of General Electric in the 1980s. With Musk’s net worth approaching $800 billion, rivaling GE’s inflation-adjusted peak value, analysts say the line between Musk the individual and Musk the institution is growing increasingly thin.