Merger with loss-making xAI looks to some investors more like a bailout than a rocket trip to the future Elon Musk merges SpaceX with xAI at $1.25tn valuation Merger with loss-making xAI looks to some investors more like a bailout than a rocket trip to the future Elon Musk merges SpaceX with xAI at $1.25tn valuation T o Elon Musk’s fan club, there is nothing to see apart from more evidence of the great man’s visionary genius. SpaceX , the rocket firm, is buying xAI , the artificial intelligence