Elon Musk merges his AI company xAI with SpaceX

Elon Musk has merged his artificial intelligence company, xAI, with his aerospace company, SpaceX. The move is described as a strategic combination to build data centers in orbit, with some reports suggesting it's a step toward a future public stock offering for the combined entity.

Reports indicate the merger has significantly increased Musk's personal net worth, pushing it past $800 billion. The primary stated goal of combining the companies is to develop the infrastructure for advanced AI systems that operate from space.