Musk announces record merger
Ana Maria Rus
The billionaire is combining SpaceX and xAI in a deal that reportedly values the enlarged entity at $1.25 trillion Elon Musk’s SpaceX has completed the acquisition of his artificial intelligence startup xAI, the billionaire entrepreneur has announced. At about $1.25 trillion, it would be the largest corporate merger ever by implied value, public or private. The acquisition is aimed at building a more integrated technology platform that combines artificial intelligence, rockets, satellite
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