Elon Musk's SpaceX acquires Elon Musk's xAI
CoinDesk
SpaceX has acquired xAI to develop space-based AI, aiming for a $1.25 trillion IPO.Summary
Elon Musk's rocket company, SpaceX, has acquired his artificial intelligence company, xAI. Musk announced the merger, stating that current AI advances rely too heavily on terrestrial data centers, which demand immense power and cooling, posing environmental and community hardship. He believes that scaling AI long-term necessitates space-based solutions to harness sufficient energy, citing the Sun's potential. The newly combined entity is reportedly expected to launch an Initial Public Offering (IPO) with a valuation of $1.25 trillion, significantly higher than xAI's recent $230 billion valuation and SpaceX's approximate $800 billion valuation.
(Source：CoinDesk)