The record-setting deal will be the largest merger of all time and is valued at $1.25 trillion

The deal raises the stakes for the widely reported looming SpaceX IPO.

La nueva empresa integrará actividades de IA, cohetes, internet espacial, comunicaciones móviles y la red social X

Musk is combining rocket maker SpaceX with his AI startup, the largest tie-up in his expansive business portfolio.

SpaceX announced today that it has acquired xAI, Elon Musk’s AI company, in a deal that creates a combined entity...

Musk's space exploration company and his AI start-up are merging.

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

SpaceX is requesting permission to launch as many as a million satellites into the Earth’s orbit to speed up its AI plans

“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.

Deal comes as Musk pursues plans for datacenters and solar-powered satellites in space to propel AI

According to the SpaceX press release, the merger will eventually allow placing AI data centers in space, powered by solar energy

In merging SpaceX with xAI, Elon Musk may be providing his artificial intelligence startup with a much-needed cash infusion.

Musk said in his announcement he estimates “that within 2 to 3 years, the lowest cost way to generate AI compute will be in space.”

The record-setting deal will be the largest merger of all time and is valued at $1.25 trillion

Per i critici è operazione di ingegneria finanziaria. La scommessa per accelerare sull'Ia e lo spazio (ANSA)

Elon Musk is now overseeing two companies worth over $1 trillion, at least on paper.