Elon Musk is taking SpaceX's minority shareholders for a ride Nils Pratley

While SpaceX is routinely described as being owned by Elon Musk, he is not the only person in the capsule. While SpaceX is routinely described as being owned by Elon Musk, he is not the only person in the capsule. Elon Musk is taking SpaceX's minority shareholders for a ride T o Elon Musk's fanclub, there is nothing to see apart from more evidence of the great man's visionary genius. SpaceX, the rocket firm, is buying xAI, the artificial intelligence developer, and the combination of these two Musk-controlled entities is being valued at $1.25tn (£910bn). Or, as Musk described it, he is creating "the most ambitious, vertically integrated innovation engine on (and off) Earth, with AI, rockets, space-based internet, direct-to-mobile device communications and the world's foremost real-time information and free-speech platform".