Elon Musk's SpaceX opens IPO
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Elon Musk (pictured) is set to take the newly merged company public later this year - with rivals OpenAI and Anthropic also racing to come to market.
SpaceX announced today that it has acquired xAI, Elon Musk’s AI company, in a deal that creates a combined entity reportedly valued at $1.25 trillion ahead of a planned IPO. The acquisition notably does not include Tesla,
Elon Musk's mega-merger of his companies xAI and SpaceX this week brings this sci-fi dream a step closer. NASA engineers and technologists have speculated for nearly two decades about moving energy‑hungry computing off the planet.
Elon Musk believes the best way to solve the difficulties of building AI data centers on earth is to move them into outer space. His merger this week of his rocket company SpaceX with his artificial intelligence company xAI could help get them there.