"Instead, as reported this week, Musk merged his artificial intelligence startup xAI into his wildly successful rocket company, SpaceX. Combined together, the two companies are now valued at an estimated $1.25 trillion. It's the biggest merger in history. And because Musk controls both companies, he calls most of the shots when it comes to the deal. A sci-fi twist At first glance, the connection between rockets and AI seems tenuous at best."
"SpaceX has made a name for itself by building gigantic, reusable rockets that deliver satellites into orbit for cheap. The company also delivers people and cargo to the International Space Station on behalf of NASA. That's a lucrative business. SpaceX's rockets are now America's main method of getting things into orbit, and its cheap satellites have fueled the success of Starlink, Musk's space-based Internet service. Fully 95% of the things America launches into space are now put there by SpaceX."
Elon Musk merged his artificial intelligence startup xAI into SpaceX, producing a combined private valuation of about $1.25 trillion. The merger is the largest in history and consolidates control because Musk owns both companies. The connection between rockets and AI appears tenuous but aligns with Musk's broader strategic goals and futuristic ambitions. SpaceX builds large, reusable rockets that place satellites into orbit at lower cost and transports crew and cargo to the International Space Station for NASA. SpaceX's affordable launch capabilities have driven Starlink's growth, and the company now accounts for roughly 95% of American launches.
Read at Fast Company
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