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SpaceX acquires xAI; sources say the deal is all stock and values the combined company at $1.25T, with SpaceX valued at $1T and xAI at $250B (Bloomberg) from Techmeme RSS feed.
SpaceX acquires xAI; sources say the deal is all stock and values the combined company at $1.25T, with SpaceX valued at $1T and xAI at $250B (Bloomberg)
Bloomberg:
SpaceX acquires xAI; sources say the deal is all stock and values the combined company at $1.25T, with SpaceX valued at $1T and xAI at $250B — Elon Musk's SpaceX has acquired xAI, in a deal that encompasses the billionaire's increasingly costly ambitions to dominate artificial intelligence and space exploration.