Elon Musk has stunned the tech and finance worlds by merging SpaceX with his AI company xAI, creating the most valuable private firm in history. The deal folds rockets, satellites, AI models, robotics, and even X, the social platform formally known as Twitter, into one sprawling empire ahead of a blockbuster IPO.

In this episode, Ciaran Jenkins speaks to economics correspondent Helia Ebrahimi, and Jacob Silverman, author of “Gilded Rage: Elon Musk and the Radicalization of Silicon Valley” about the forces behind the trillion-dollar valuation, the hype around space-based AI, and what Musk’s latest consolidation means for markets, regulation, and global tech power.