As Reuters reports, Elon Musk is hoping to merge his AI startup, xAI, with SpaceX — a baffling plan that raises plenty of questions.
Earlier this week, news emerged that SpaceX CEO Elon Musk was considering taking his private space company public on his birthday in June at a staggering valuation of $1.5 trillion, making it easily the largest IPO in history.
Now, as Reuters reports, Musk is hoping to go one step further, merging his AI startup xAI with SpaceX ahead of the IPO — a baffling plan that raises far more questions than answers.
For now, we have no idea why the deal is even on the table, let alone the financial specifics. The narrative will likely have something to do with SpaceX helping xAI launch data centers into Earth’s orbit — an idea that AI tech leaders have become obsessed with as of late, despite experts warning it makes little sense, citing concerns over economic viability and bandwidth limitations.
