Elon Musk is merging his SpaceX rocket company with his artificial intelligence startup known as xAI in a move meant to push forward the mogul's agenda of building data centers in space.

SpaceX acquired xAI to create a company valued at $1.25 trillion, SpaceX announced.

“SpaceX has acquired xAI to form the most ambitious, vertically-integrated innovation engine on (and off) Earth, with A.I., rockets, space-based internet, direct-to-mobile device communications and th...