Elon Must sold xAI to SpaceX
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Musk’s merger of SpaceX and xAI turns a future IPO into a bet on space-based data centers and a $1.25 trillion vision for AI compute beyond the planet. Elon Musk is merging his rocket maker SpaceX with his artificial intelligence startup xAI in a deal that changes what a future SpaceX IPO represents.
In a surprising turn of events, SpaceX has officially acquired Elon Musk’s artificial intelligence company, xAI.With this merger the combined company is now valued at $1.25 trillion, as per Bloomberg.
The SpaceX IPO, if it happens, will be insanely expensive. Here are three ways to buy into Musk's rocket company before then.
WASHINGTON, Jan 31 - Elon Musk's SpaceX wants to launch a constellation of 1 million satellites that will orbit Earth and harness the sun to power AI data centers, according to a filing at the Federal Communications Commission.