Elon Musk merges SpaceX with xAI
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Musk Inc.? Billionaire combines his rocket and AI businesses before an expected IPO this year
Elon Musk is joining his space exploration and artificial intelligence ventures into a single company before what's expected to be a massive initial public offering for the business later this year. His rocket venture,
Musk noted in a recent regulatory filing that he has had only one “low-velocity debris generating event” in seven years running Starlink, his satellite communications network. Starlink has operated about 10,000 satellites — but that’s a fraction of the million or so he now plans to put in space.
Musk’s merger of SpaceX and xAI turns a future IPO into a bet on space-based data centers and a $1.25 trillion vision for AI compute beyond the planet. Elon Musk is merging his rocket maker SpaceX with his artificial intelligence startup xAI in a deal that changes what a future SpaceX IPO represents.
Elon Musk's net worth has quadrupled since 2024, and a successful SpaceX IPO could push his wealth well over $1 trillion.
FAA warns airlines that exploding rockets could ‘significantly reduce safety’ for commercial flights after string of test failures by Elon Musk’s Starship - Bulletin came after reports that multiple p