Musk Is Leading SpaceX Into the Conglomerate Trap

Published on May 24, 2026

Elon Musk has bucked the trend of industrial conglomerate breakups, including such illustrious companies as General Electric and Honeywell International Inc., and decided to form a somewhat unwieldy company that makes rockets, spacecraft, satellites, antennas, modems and now computer chips. With SpaceX’s purchase of Musk’s xAI in February, the world’s leading space company was married to an AI startup and the X social media platform.

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