Elon Musk’s SpaceX has acquired xAI in a landmark deal that brings rockets, Starlink satellites, X and the Grok chatbot under one roof ahead of a potential blockbuster IPO later this year.

Mr Musk’s social network is under investigation in the European Union and Britain over potential breaches of data regulations and for its launch over Christmas of an image generator that was widely used to produce nude deepfakes,

Tesla’s stock has taken a sharp hit, and the reasons go beyond market volatility. Elon Musk’s public alignment with political power has made the company a target. Unlike his other ventures, Tesla depends on global consumer trust.