The Journal earlier reported that SpaceX combined with Musk’s AI company, xAI, in February, to create a US$1.25 trillion juggernaut in the biggest corporate tie-up by value in US history.
SpaceX, which dominates the space launch market with its reusable rockets, is owned by Musk alongside several investment funds and tech companies including Google’s parent, Alphabet.
The company’s rockets vastly reduce the cost of putting satellites into orbit. SpaceX is also the owner of the Starlink satellite constellation.
In February, Musk announced that SpaceX was taking over his artificial intelligence outfit xAI, a step in the billionaire’s plan to use SpaceX’s rockets to launch solar-powered, satellite-based data centres to develop and run future AI models.
– Agence France-Presse
