{"id":3090465,"date":"2026-02-06T10:46:51","date_gmt":"2026-02-06T18:46:51","guid":{"rendered":"https:\/\/techcrunch.com\/?post_type=tc_video&#038;p=3090465"},"modified":"2026-02-06T10:46:57","modified_gmt":"2026-02-06T18:46:57","slug":"how-elon-musk-is-rewriting-the-rules-on-founder-power","status":"publish","type":"tc_video","link":"https:\/\/techcrunch.com\/video\/how-elon-musk-is-rewriting-the-rules-on-founder-power\/","title":{"rendered":"How Elon Musk is rewriting the rules on founder power"},"content":{"rendered":"\n<p id=\"speakable-summary\" class=\"wp-block-paragraph\"><div id='jwppp-video-box-30904651' class='jwppp-video-box' itemprop='video' itemscope itemtype='http:\/\/schema.org\/VideoObject' data-video='1' style=\"margin: 1rem 0;\">\n<meta itemprop='name' content='How Elon Musk is rewriting the rules on founder power | Equity Podcast'\/>\n<meta itemprop='description' content='Elon Musk has merged SpaceX and xAI, creating what might be the blueprint for a new Silicon Valley power structure. With his $800 billion net worth already rivaling historic conglomerate GE&#039;s peak market cap, and Musk being vocal about his view that &quot;tech victory is decided by velocity of innovation,&quot; the question isn&#039;t whether a personal conglomerate can be built, but rather how far Musk himself is going to take it. Today on Equity, we&#039;re unpacking this new era of the &quot;everything&quot; business, whether we&#039;ll see others like Sam Altman follow suit, and more of the week&#039;s headlines. Chapters:00:00 Intro 02:03 The many lives of OpenClaw (formerly Moltbot, formerly Clawdbot) 04:33 Waymo raises $16B at $126B valuation 07:13 How will Waymo investors get their return? 10:11 Manufacturing challenges &amp; Chinese partnerships 12:38 ElevenLabs raises $500M at $11B valuation 15:16 What does consolidation look like for AI labs? 18:46 Positron takes on Nvidia with $230M Series B 21:02 Is there room for AI chip competitors? 28:26 Musk&#039;s SpaceX-xAI merger and the rise of the personal conglomerate 37:07 Outro Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod.'\/>\n<meta itemprop='thumbnailUrl' content='https:\/\/cdn.jwplayer.com\/thumbs\/dQfwhBRW-720.jpg'\/>\n<meta itemprop='uploadDate' content='2026-02-06T10:46:51-08:00'\/>\n<meta itemprop='contentUrl' content='https:\/\/cdn.jwplayer.com\/v2\/media\/dQfwhBRW'\/>\n<span class=\"jwppp-instant\" style=\"display: none;\" data-video=\"https:\/\/techcrunch.com\/?jwp-instant-articles=1&#038;player=GQNKsmiX&#038;mediaID=dQfwhBRW\" data-width=\"480\" data-height=\"270\"><\/span><div id='jwppp-video-30904651' class='jwplayer'>Loading the player...<\/div>\n<script class=\"tcembed-script\" type=\"text\/javascript\" src=\"https:\/\/content.jwplatform.com\/libraries\/GQNKsmiX.js\"><\/script><script type='text\/javascript'>\nvar playerInstance_30904651 = jwplayer( \"jwppp-video-30904651\" );\nplayerInstance_30904651.setup({\nplaylist: \"https:\/\/cdn.jwplayer.com\/v2\/media\/dQfwhBRW\",\n})\n<\/script><\/div><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Elon Musk&nbsp;has&nbsp;<a href=\"https:\/\/techcrunch.com\/2026\/02\/02\/elon-musk-spacex-acquires-xai-data-centers-space-merger\/\" target=\"_blank\" rel=\"noreferrer noopener\">merged&nbsp;SpaceX and xAI<\/a>,&nbsp;creating&nbsp;what might be the blueprint for a new Silicon Valley power structure. With his&nbsp;$800 billion&nbsp;net worth already rivaling historic conglomerate GE&#8217;s peak market cap,&nbsp;and Musk being vocal about his view that &#8220;tech victory is decided by velocity of innovation,&#8221; the question&nbsp;isn&#8217;t&nbsp;whether a&nbsp;<a href=\"https:\/\/techcrunch.com\/2026\/02\/01\/bye-bye-corporate-conglomerates-hello-personal-conglomerates\/\" target=\"_blank\" rel=\"noreferrer noopener\">personal conglomerate<\/a>&nbsp;can be built, but rather how far Musk himself is going to take it.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Watch as <a href=\"https:\/\/techcrunch.com\/podcasts\/equity\/\" target=\"_blank\" rel=\"noreferrer noopener\">Equity<\/a> dives into this new era of the &#8220;everything&#8221; business, whether\u00a0we&#8217;ll\u00a0see others like\u00a0<a href=\"https:\/\/www.cbinsights.com\/research\/report\/sam-altman-investments\/?utm_campaign=SO_IUR_LI_Q22024_CBI_SOCIAL&amp;utm_content=297674881&amp;utm_medium=social&amp;utm_source=linkedin&amp;hss_channel=lcp-1140722\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Sam Altman<\/a>\u00a0follow suit, and more of the week&#8217;s headlines.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Subscribe to Equity on&nbsp;<a href=\"https:\/\/www.youtube.com\/@TechCrunch\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">YouTube<\/a>,<a href=\"https:\/\/itunes.apple.com\/us\/podcast\/id1215439780\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">&nbsp;Apple Podcasts<\/a>,<a href=\"https:\/\/overcast.fm\/itunes1215439780\/equity\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">&nbsp;Overcast<\/a>,<a href=\"https:\/\/open.spotify.com\/show\/5IEYLip3eDppcOmy5DmphC?si=rZDFHv2sQUul_g94iCRgpQ\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">&nbsp;Spotify<\/a>&nbsp;and all the casts. You&nbsp;also can&nbsp;follow Equity on<a href=\"https:\/\/twitter.com\/EquityPod\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">&nbsp;X<\/a>&nbsp;and<a href=\"https:\/\/www.threads.net\/@equitypod\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">&nbsp;Threads<\/a>, at @EquityPod.&nbsp;<\/p>\n","protected":false},"author":133574571,"featured_media":3089986,"template":"","meta":{"tc-featured-article":false,"tc-header-option":"","tc-breaking-news":false,"tc-article-brief":false,"carmot_uuid":"","apple_news_api_created_at":"2026-02-06T18:46:56Z","apple_news_api_id":"f2827b68-e3f1-4d92-929f-fce87ef2374e","apple_news_api_modified_at":"2026-02-06T18:46:56Z","apple_news_api_revision":"AAAAAAAAAAD\/\/\/\/\/\/\/\/\/\/w==","apple_news_api_share_url":"https:\/\/apple.news\/A8oJ7aOPxTZKSn_zofvI3Tg","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"tc_sponsors":[],"tc_exclude_from_rss_feed":false,"tc_exclude_from_content_rivers":true},"categories":[577047203,20429,577030455],"tags":[1244446,371748,30302,449556932,577252193,577370376],"tc_region":[],"tc_collection_tax":[],"tc_storyline_tax":[],"coauthors":[577084855],"class_list":["post-3090465","tc_video","type-tc_video","status-publish","has-post-thumbnail","hentry","category-artificial-intelligence","category-startups","category-venture","tag-elon-musk","tag-spacex","tag-roundup","tag-waymo","tag-equity","tag-spacex-ipo"],"video_duration":"","apple_news_notices":[],"yoast_head":"<!-- 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