How Elon Musk used SpaceX to rescue xAI and build a $1.25tn colossus
Billionaire folds rocket maker into a lossmaking AI start-up, betting scale and control can beat rivals to blockbuster IPO
Billionaire folds rocket maker into a lossmaking AI start-up, betting scale and control can beat rivals to blockbuster IPO

Rocket company boosts valuation to $1tn and pays $250bn to acquire AI start-up as Musk envisions data centres in space

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

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

Can Elon Musk’s moonshot deliver the mooted $1.75tn valuation?

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