After SpaceX's IPO, Musk may pursue major acquisitions like Intel and Tesla to consolidate chip manufacturing and AI capabilities across his business empire.

What happened: An analysis suggests Musk could target trillion-dollar acquisitions following SpaceX's public offering. Intel, with $52.9 billion（約8.5兆円） in annual revenue and established semiconductor fabrication facilities, is cited as a logical first target because building a state-of-the-art chip factory typically requires four to six years and tens of billions of dollars. Tesla, with $94.8 billion（約15兆円） in annual revenue and operations spanning energy storage, robotics, and autonomous-driving AI, is presented as a second candidate.

Why it matters: Musk has previously consolidated his companies—Twitter was absorbed into X, and xAI merged with X to combine AI models and computing infrastructure. He has stated that chip production is an "existential struggle" and that his timelines do not extend five years out. Acquiring existing manufacturing expertise or integrating overlapping AI and robotics capabilities could be faster than building from scratch, and would give SpaceX immediate access to resources both companies already depend on.

What to watch: Regulatory obstacles would be "enormous," according to the analysis. The pattern of consolidation across Musk's ventures—Tesla, SpaceX, Neuralink, X, and xAI—suggests the strategy may continue, but whether either deal actually happens remains uncertain.