SpaceX deal for xAI puts Elon Musk to test
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On Monday, Elon Musk announced that he was merging two of his companies, SpaceX and xAI, in a deal said to be worth $1.25 trillion. The reason, Musk said in an announcement, was that in order for AI to grow, it needed to go to space.
Elon Musk's net worth has quadrupled since 2024, and a successful SpaceX IPO could push his wealth well over $1 trillion.