Elon Musk is combining SpaceX with his artificial intelligence startup xAI as the merged entity prepares for a massive IPO that could value the combined company at $1.25 trillion.
CNBC reports that Elon Musk has undertaken a significant consolidation of his business empire, revealing that SpaceX is acquiring his artificial intelligence company xAI in a deal that brings together two of his most valuable ventures. The transaction positions the merged entity for an IPO that Bloomberg reports could value the combined company at $1.25 trillion.
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