This week, billionaire entrepreneur Elon Musk announced some major news having to do with two of his companies.

We're going to start with the world's richest man and the biggest merger of all time.

Elon Musk making a major power move merging X-A-I and SpaceX.

Saying that space X and XAI together would be valued at $1.25 trillion.

Again, this is going to be

And $1.25 trillion.

That's a really, really, really, really big company.

Yes? Yes. That's not a lot of companies

crossed the $1 trillion mark. Our colleague Berbergen covers tech. And besides the sheer value of this

mega company, why should I care about this? That's a great question. First of all, there hasn't ever

really been a company that looks like the way the new SpaceX will look like.

Elon Musk essentially merged an AI research company that builds what Elon calls a truth-seeking AI chatbot

with a space company that sends rockets into space and has satellites that build

global internet connectivity.

So on the face of it, there isn't that much that ties the two companies together.

But Elon Musk does have a grand vision that marries AI in space. And so he made the deal happen, seemingly at light speed.

Is this something any billionaire can do?

Or is this very much an Elon Musk thing?

This is very much an Elon Musk thing, but he has a very loyal shareholder base that has a lot of

faith in him. He says he has famously never lost any of his investors any money, and he takes that

pledge really seriously. Welcome to The Journal, our show about money, business, and power.

I'm Jessica Mendoza.

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