Here is an option that sets both equations in a \linewidth
box, measuring the duplicating the widest parts in the shorter (first) equation in order to center the contents. It also allows the placement of and generally
to be flush-left:

\documentclass{article}
\usepackage{mathtools}
\begin{document}
\begin{align*}
a^m \times a^n &= a^{m + n}, \\
\intertext{and generally}
a^m \times a^n \times a^p \times \dotsm &= a^{m + n + p + \dotsb}
\end{align*}
\begin{align*}
\makebox[\linewidth]{%
$\hphantom{a^m \times a^n \times a^p \times \dotsm}
\mathllap{a^m \times a^n} =
\mathrlap{a^{m + n},}
\hphantom{a^{m + n + p + \dotsb}}$} \\
\makebox[\linewidth]{%
\rlap{and generally}\hfill%
$a^m \times a^n \times a^p \times \dotsm = a^{m + n + p + \dotsb}$%
\hfill}
\end{align*}
\end{document}
Overlapping macros allow for the setting and placement of content without it taking up any horizontal space.