Why has Elon Musk merged his rocket company with his AI startup?
by Dan Milmo Global technology editor from Technology | The Guardian on (#73DCX)
SpaceX's acquisition of xAI creates business worth $1.25tn but whether premise behind deal will work is questioned
The acquisition of xAI by SpaceX is a typical Elon Musk deal: big numbers backed by big ambition.
As well as extending the light of consciousness to the stars", as Musk described it, the transaction creates a business worth $1.25tn (920bn) by combining Musk's rocket company with his artificial intelligence startup. It values SpaceX at $1tn and xAI at $250bn, with a stock market flotation expected in June to time with Musk's birthday and a planetary alignment.
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