SpaceX buys xAI in $1.25tn deal to unite crucial parts of Elon Musk’s empire
Rocket company boosts valuation to $1tn and pays $250bn to acquire AI start-up as Musk envisions data centres in space
Rocket company boosts valuation to $1tn and pays $250bn to acquire AI start-up as Musk envisions data centres in space

Billionaire folds rocket maker into a lossmaking AI start-up, betting scale and control can beat rivals to blockbuster IPO

Elon Musk’s rocket and AI conglomerate is seeking to catch up to rivals OpenAI and Anthropic

AI start-up is racing to add computing power to keep up with its growth

Billionaire tells staff he wants ‘self-sustaining city on the moon’ before going to Mars

Investors undeterred by unravelling of billionaire’s relationship with Trump

Unprecedented funding leads 10 groups including OpenAI and Elon Musk’s xAI to gain almost $1tn in value in past year