""SpaceX has acquired xAI to form the most ambitious, vertically-integrated innovation engine on (and off) Earth," Musk wrote. "This marks not just the next chapter, but the next book in SpaceX and xAI's mission: scaling to make a sentient sun to understand the Universe and extend the light of consciousness to the stars!" Zoom in: The deal values the combined company at roughly $1.2 trillion,"
"stepping SpaceX up from about $800 billion and putting xAI north of $200 billion, per a source familiar with the transaction. The percentage uplift in valuation is larger for SpaceX, while xAI shareholders effectively get a lifeline through the deal. Flashback: Musk is no stranger to merging his companies, having put X (the former Twitter) and xAI together last year."
SpaceX acquired xAI to form a vertically integrated innovation engine aimed at advancing space and artificial intelligence capabilities. The transaction values the combined company at about $1.2 trillion, raising SpaceX from roughly $800 billion and placing xAI above $200 billion. The percentage uplift favors SpaceX, while the deal gives xAI shareholders a financial lifeline. The stated mission includes ambitious goals such as scaling toward a "sentient sun" to better understand the universe and extend consciousness beyond Earth. Elon Musk has previously merged his companies, including bringing X and xAI together last year.
Read at Axios
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