Elon Musk Merges SpaceX With xAI
Elon Musk this week merged SpaceX with his loss-making AI startup xAI, creating what the Financial Times called a $1.25 trillion private company and announcing plans for an IPO in June. The combined firm proposes space-based, solar-powered data centres to run AI workloads but faces technical, cost and regulatory questions; xAI reportedly burns about $1 billion monthly and carries roughly $12 billion of debt.
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Sources
- Read OriginalElon Musk’s starry mega-mergertheweek.com
- Read OriginalMarkets will soon test a Musk merger that promises 'space-based internet'nbcnews.com
