The billionaire is combining SpaceX and xAI in a deal that reportedly values the enlarged entity at $1.25 trillion
Elon Musk’s SpaceX has completed the acquisition of his artificial intelligence startup xAI, the billionaire entrepreneur has announced. At about $1.25 trillion, it would be the largest corporate merger ever by implied value, public or private.
The acquisition is aimed at building a more integrated technology platform that combines artificial intelligence, rockets, satellite internet, direct‑to‑device communications, and real‑time computing infrastructure, the statement released by SpaceX on Monday reads.
Musk specifically cited…
Read the full article at RT.COM
