Elon Musk ‘unite’ SpaceX and xAI in $1.25 trillion mega merger
Elon Musk has taken a major step in his technology empire by merging his rocket company SpaceX with his artificial intelligence startup xAI in a deal that values the combined business at about $1.25 trillion, according to Bloomberg. The move brings together two of the most talked-about private companies in the world, each known for its ambitious goals in space travel and advanced computing.
The merger was announced in a memo to employees and confirmed in a statement on SpaceX’s own website, signed by Musk.
