Elon Musk pulled off one of the most audacious deals of his career on Monday, merging SpaceX with xAI to create the most valuable private company in history.
The $1.25tn merger combines the billionaire’s dominant rocket maker with his lossmaking AI start-up and social media network X.
Musk said the move was needed to launch data centres into space, build factories on the moon and colonise Mars.
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