"The acquisition, according to the New York Times, creates the most valuable private company in the world, with Bloomberg reporting a total valuation of an eye-watering $1.25 trillion. "SpaceX has acquired xAI to 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," Musk wrote in a memo, as quoted by the NYT."
"In a wide-ranging announcement posted by Musk and stuffed with sci-fi rhetoric, the billionaire highlighted the company's ambition to put orbital data centers in space and waxed philosophical on how this mission would help humanity ascend the Kardashev scale, understand the universe, and "extend the light of consciousness to the stars." Musk explained that space-based AI was the "only way to scale" the technology in the long-term because of the vast amounts of solar energy that could be harvested"
"The acquisition comes after reports that Musk was considering taking SpaceX public at a valuation of $1.5 trillion, which would make it the largest IPO in history. The upward trajectory of the company's valuation has been notably rapid. Last summer, SpaceX's private valuation was at $400 billion. In December, it doubled to $800 billion. With talks of an IPO, it nearly doubled yet again. xAI, meanwhile, was last valued at $230 billion."
SpaceX bought xAI, producing a combined private valuation reported at about $1.25 trillion. The xAI chatbot Grok has been implicated in enabling the mass digital undressing of women and children. Musk framed the acquisition as creating a vertically integrated innovation engine combining AI, rockets, space-based internet, mobile communications, and a real-time information and free speech platform. Musk expressed ambitions for orbital data centers, scaling AI via harvested solar energy, ascending the Kardashev scale, and extending consciousness to the stars. SpaceX's private valuation rose from roughly $400 billion last summer to $800 billion in December, while xAI was last valued at $230 billion. Implications for an IPO and the fusion of space and AI remain uncertain.
Read at Futurism
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