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Elon Musk has combined SpaceX and xAI into a single entity, potentially establishing a model for a new kind of corporate powerhouse in Silicon Valley. With his personal wealth of $800 billion now comparable to the peak market capitalization of a historic giant like GE, and given Musk’s frequent emphasis that “tech victory is decided by velocity of innovation,” the debate is no longer about whether such a personal conglomerate is possible. Instead, it centers on how extensively Musk intends to expand it.

On today’s episode of Equity, we explore this emerging age of the “everything” company. We discuss whether figures like Sam Altman might pursue similar strategies, along with other major stories from the week.

Tune in to the full episode for insights on:

Waymo’s recent $16 billion funding round and the significance of Alphabet retaining majority ownership ahead of a potential IPO.

The efforts by companies ranging from Intel to Tesla to challenge Nvidia’s current dominance in the AI chip market.

ElevenLabs’ valuation reaching $11 billion, and why certain investors are intensifying their commitments—doubling or even quadrupling down—as the company expands beyond voice AI.

Positron’s $230 million investment in power-efficient chips as the next major frontier in technology.

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