Elon Musk's SpaceX Is Acquiring xAI With Big Plans for Data Centers in Space

Musk is combining rocket maker SpaceX with his AI startup, the largest tie-up in his expansive business portfolio.

It was last year that Musk combined Twitter with xAI, the business behind his Grok AI chatbot, valuing the social media site at $30bn. The world’s richest man then revealed plans on Monday to merge his emboldened xAI business with his rocket company, SpaceX.

Elon Musk’s SpaceX has acquired his social media and artificial intelligence business xAI in a $1.25tn (£910bn) deal to unite much of his business empire.

Elon Musk is in advanced talks to combine SpaceX with xAI, according to people familiar with the matter, underscoring how the billionaire’s vision for an artificial intelligence-powered

Elon Musk just became the first person ever worth $800 billion or more after his rocket maker SpaceX acquired his artificial intelligence and social media company xAI. Forbes estimates that the deal, which values the combined company at $1.25 trillion, boosted Musk’s fortune by $84 billion, to a record $852 billion.

Elon Musk is merging his SpaceX rocket company with his artificial intelligence startup xAI. The deal is valued at $1.25 trillion.

Elon Musk's mega-deal combining SpaceX and xAI is the latest sign that the billionaire is consolidating his business empire as he goes all in on AI.

SpaceX has formally acquired another one of Elon Musk’s companies, xAi, the space company announced on Monday afternoon.

To unpack what SpaceX’s IPO chatter means, how private liquidity works before a debut, and what investors are looking for in today’s pre-IPO giants, we spoke with Greg Martin, managing director at Rainmaker Securities,