Musk's merger of SpaceX and xAI turns a future IPO into a bet on space-based data centers and a $1.25 trillion vision for AI compute beyond the planet.

SpaceX and xAI did not immediately respond to a request for comment from Business Insider. XAI plans to hold an all-hands in the coming days and host trainings related to the merger, the internal memo said.

Elon Musk’s companies SpaceX and xAI say they will merge ahead of an expected SpaceX IPO later this year. There’s a big new oil-and-gas merger, but shareholders aren’t happy Driver flying Trump flag hits high school student during anti-ICE protest Justice Dept.

Elon Musk’s SpaceX has acquired xAI, the companies announced. The merger will “form the most ambitious, vertically-integrated innovation engine on (and off) Earth, with AI, rockets, space-based internet,

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.

Elon Musk's rocket company SpaceX is taking over his artificial intelligence (AI) start-up, as the billionaire takes steps to unify some of his many different business interests. SpaceX on Monday confirmed the deal to acquire xAI,

SpaceX is acquiring xAI, the company announced on Monday, representing a merger of two of Elon Musk’s most ambitious companies.

SpaceX Starbase in Boca Chica, Texas.Credit...Callaghan O'Hare for The New York Times Supported by By Ryan Mac Kate Conger Maureen Farrell and Rob Copeland Ryan Mac reported from Los Angeles, Kate Conger from San Francisco,