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

Elon Musk’s SpaceX has taken over his artificial intelligence company xAI in a merger aimed at deploying space-based data centres, a statement said on Monday. The acquisition combines SpaceX’s rocket capabilities with xAI’s AI technology to create what Musk in the statement called “the most ambitious, vertically-integrated innovation engine on (and off) Earth”. The combined company is expected to ‌price shares at ‌about US$527 each and would have a valuation of US$1.25 trillion, Bloomberg News...