Elon Musk, the founder of SpaceX and Tesla, is now the first person in history whose net worth has exceeded $800 billion, according to Forbes magazine. The rise in his fortune came after his rocket maker SpaceX acquired his artificial intelligence and social media company xAI,

SpaceX acquires xAI for $1.5 trillion IPO targeting orbital computing centers that could revolutionize AI infrastructure costs within three years.

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.

SpaceX’s acquisition of his AI and social networking startup, xAI. Forbes estimates the deal, which values the new company at $1.25

An eccentric genius arrives in the United States from a land far away and becomes both extremely wealthy and hugely divisive. To his admirers, he is a messiah from another planet – a spaceman whose unique ways of thinking hold the key to humanity’s future.

Elon Musk reflected on the old saying that money can’t buy happiness, just days after crossing a net worth of $800 billion. His post on X sparked a mix of serious thoughts and humour online, with users sharing reactions ranging from life advice to jokes about wealth and joy.

The era of Tesla Inc (NASDAQ:TSLA) as just a car company may be just about over. CEO Elon Musk announced during the Q4 earnings call that the company will end production of its flagship Model S and Model X vehicles next quarter.