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As part of the merger between Virgin America and Alaska Airlines, you can now apparently link accounts and transfer Elevate points over to Alaska Airlines' Mileage Plan program. The rate is 1 Elevate point to 1.3 Mileage Plan miles, which seems about right. Points can only be transferred in the one direction, presumably as the Elevate program will be eventually phased out.
https://thepointsguy.com/2017/01/transfer-elevate-points-to-mileage-plan-miles/
https://thepointsguy.com/2017/01/transfer-elevate-points-to-mileage-plan-miles/