Tuesday, February 3, 2026 at 1:22 AM
Elon Musk is merging SpaceX with his AI startup xAI, aiming for a significant IPO that values the combined entity at $1.25 trillion.
The fast-tracked deal is premised on SpaceX’s satellite prowess combining with xAI’s technology.
The billionaire is turning to his old playbook to keep his AI ambitions aloft.
Combining Musk’s artificial-intelligence and space-exploration firms would be the latest tie-up of the entrepreneur’s companies
The electric vehicle maker’s fourth-quarter sales and profit dropped, but the company still beat Wall Street’s expectations.
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