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

An online experiment has Elon Musk believing that we are reaching the ‘singularity’. Is that really true?

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

“My estimate is that within two to three years, the lowest cost way to generate AI compute will be in space,” Musk wrote in a post on SpaceX’s website on Monday.

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