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

My estimate is that within two to three years, the lowest cost way to generate AI compute will be in space,” Musk wrote in a post on SpaceX’s website on Monday.

Elon Musk said on Feb. 2 that SpaceX has acquired his artificial-intelligence startup xAI, combining the rocket-and-satellite company with the maker of the Grok chatbot in a move aimed at unifying Musk's AI and space ambitions.

Musk's net worth reached roughly $852 billion, almost $578 billion higher than the world’s second-wealthiest person, Google co-founder Larry Page, whose net worth is estimated at $281 billion.

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.

SpaceX is targeting a mid-June initial public offering that would coincide with a rare planetary alignment and founder Elon Musk's birthday.

Elon Musk told the World Economic Forum on Thursday about his vision for a world where there are more robots than people—enough robots that you won't be able to think of anything more to ask them to do.

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