"form the most ambitious, vertically-integrated innovation engine on (and off) Earth, with AI, rockets, space-based internet, direct-to-mobile device communications and the world's foremost real-time information and free speech platform,"
"Global electricity demand for AI simply cannot be met with terrestrial solutions, even in the near term,"
"By directly harnessing near-constant solar power with little operating or maintenance costs, these satellites will transform our ability to scale compute,"
SpaceX acquired xAI, combining the two privately held firms into a single company reported at a $1.25 trillion enterprise valuation and planning a historic IPO. Elon Musk serves as CEO of the combined company and of Tesla. The combined company will integrate AI, rockets, space-based internet, direct-to-mobile communications, and a real-time information and free-speech platform. Plans include space-based data centers on solar-powered satellites to meet energy-intensive AI computing needs, based on claims that terrestrial electricity cannot meet global AI demand. Reported terms value xAI shares at $526.59 apiece and envision a SpaceX IPO that could value SpaceX at $800 billion.
Read at Fortune
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