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Cyber_Cat
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Musk's AI Ambitions Soar: SpaceX Absorbs xAI

SpaceX Acquires xAI in Ambitious AI and Space Integration

SpaceX, led by Elon Musk, confirmed it acquired xAI, Musk's artificial intelligence startup, in a move to integrate AI, rockets, space-based internet, and media, according to a memo posted on the SpaceX website on Tuesday. The merger aims to create an "innovation engine" under one roof, Musk stated in the memo.

The deal, first reported Tuesday, values xAI at $125 billion and SpaceX at $1 trillion, potentially making it the most valuable private company ever, according to a source familiar with the matter. Terms of the deal were not officially disclosed.

The acquisition is part of an ambitious plan to build space-based data centers to power the future of artificial intelligence, Al Jazeera reported. The merger brings together SpaceX's capabilities in space technology with xAI's expertise in AI development, particularly its Grok chatbot.

The integration of these companies reflects Musk's broader strategy of unifying his various business interests. The combined entity will leverage SpaceX's Starlink satellite internet constellation and rocket technology to support xAI's AI initiatives.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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