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2026 › February › 03

xAI

5 months ago

Merger with loss-making xAI looks to some investors more like a bailout than a rocket trip to the future

  • Elon Musk merges SpaceX with xAI at $1.25tn valuation

To Elon Musk’s fan club, there is nothing…

The record-setting deal will be the largest merger of all time and is valued at $1.25 trillion
Billionaire folds rocket maker into a lossmaking AI start-up, betting scale and control can beat rivals to blockbuster IPO

Rolling coverage of the latest economic and financial news

  • Elon Musk merges SpaceX with artificial intelligence company xAI

UK grocery inflation has dropped to a nine-month low, in welcome news for UK …

Musk says solar powered and space-based data centres are the only way to meet AI's burgeoning energy demands.
In merging SpaceX with xAI, Elon Musk may be providing his artificial intelligence startup with a much-needed cash infusion.

Deal comes as Musk pursues plans for datacenters and solar-powered satellites in space to propel AI

Elon Musk’s aerospace firm SpaceX has acquired his artificial intelligence business xAI, in a merger…

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