More AIs Than Humans, a Tesla-SpaceX Merger, and the Economy That Follows

In a conversation that moved from orbital data centers to proof of humanity to the tokenization of everything, Cathie Wood and Circle CEO Jeremy Allaire joined Peter Diamandis on stage at Moonshots Live to sketch out a near future where the economy runs on agents, stablecoins, and abundant compute. The central argument: the convergence of AI, crypto, robotics, and space is accelerating so fast that the constraints we assume—settlement times, transaction costs, regulatory friction—are about to dissolve, and with them, the shape of economic activity itself.

The Tesla-SpaceX Merger and the Orbital Compute Play

Wood's firm ARK Invest has long held that Tesla and SpaceX will merge, possibly this year. The logic is not about corporate synergy in the usual sense. Elon Musk's ultimate goal remains Mars, but the path runs through AI dominance. "Elon believes that the leader in terms of frontier models is going to be the company with the most computing capacity and at the cheapest cost," Wood said. "With orbital data centers, he thinks he will be that company." SpaceX's Starlink constellation and its launch capabilities give Musk a structural advantage: the ability to put compute in orbit, where energy is abundant and latency to ground stations is manageable. The merger would combine Tesla's manufacturing a