"Last week, it was reported that Musk planned to take SpaceX public despite having once said it wouldn't happen until the company had a presence on Mars. Now, the IPO could happen as early as this year. Shares of xAI would reportedly be exchanged for shares in SpaceX under the merger. Reuters reports that two entities were set up in Nevada on January 21 to facilitate the deal."
"The latest idea Musk is pitching is blasting AI data centers off into space. At last week's gathering of the rich and powerful in Davos, Switzerland, he said, "The lowest cost place to put AI will be in space. And that will be true within two years, maybe three at the latest." The idea is that data centers in orbit could harness solar power and reduce cooling costs."
SpaceX and xAI are in merger talks that would exchange xAI shares for SpaceX shares and could precede a SpaceX IPO as early as this year. Two Nevada entities were created on January 21 to facilitate the potential deal. xAI previously acquired X in March 2025, bringing Grok and X under shared ownership. Elon Musk proposes deploying AI data centers into Earth's orbit to exploit solar power and lower cooling costs, predicting orbit will be the lowest-cost location within two to three years. Industry analysts and executives view orbital data centers as a risky, capital-intensive bet that may not justify projected savings.
Read at Engadget
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