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.