‘Muskonomy’ A listing would deepen analyst and investor scrutiny of “Muskonomy” — the billionaire’s sprawling business empire and intertwined fortunes — bringing renewed focus to how his companies are financed, governed and valued across markets. “A likely dual-class share structure would let Musk tap public capital while retaining firm control, even after the substantial dilution that comes with a public offering,” said Minmo Gahng, assistant professor of finance at Cornell University. He runs electric vehicle maker Tesla, brain-chip maker Neuralink and tunnel-digging firm The Boring Company. Musk also folded social media platform X into xAI through a share swap last year, giving the AI startup access to the platform’s data and distribution network. A listing would deepen analyst and investor scrutiny of “Muskonomy” — the billionaire’s sprawling business empire and intertwined fortunes. AFP via Getty Images Questions about Musk’s ability to oversee multiple companies with market values exceeding $1 trillion could temper investor enthusiasm, analysts say. “It is understandable that investors would be concerned with Musk overseeing multiple significant enterprises, especially given his polarizing public profile at times. However, SpaceX appears somewhat differentiated,” said Kat Liu, vice president at ‍IPOX. “The business is operationally mature, technologically ahead in several key areas, and profitable, which provides a solid fundamental underpinning.” SpaceX generated about $8 billion in profit on $15 billion to $16 billion of revenue last year, Reuters reported in January, citing people familiar with the matter. Filed under