Musk merges xAI into SpaceX in bid to build space data centres

AI Summary
Elon Musk has merged his AI company, xAI, into SpaceX to develop space-based data centers. The merger combines SpaceX's rocket technology with xAI's artificial intelligence capabilities, creating a vertically integrated company valued at $1.25 trillion. The deal, announced on SpaceX's website, aims to integrate Musk's various ventures, including SpaceX, Starlink satellites, X (formerly Twitter), and the Grok AI chatbot. The combined entity plans to leverage space for AI development, potentially reducing costs associated with chips, data centers, and energy. The merger precedes a planned public offering later this year.
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