ISTANBUL US tech billionaire Elon Musk’s company SpaceX on Tuesday confirmed that it will merge with his AI venture xAI in a deal valued at $1.25 trillion, bringing more of Musk’s businesses under one roof as SpaceX reportedly moves toward an initial public offering later this year. In a statement posted on SpaceX’s website, the firms said the combination would create a tightly linked technology powerhouse spanning AI, rockets, satellite internet, direct-to-phone connectivity, and a major real-