Why has Elon Musk merged his rocket company with his AI startup?
By Dan Milmo Global technology editor
SpaceX has acquired xAI in a blockbuster deal creating a combined entity valued at $1.25 trillion, with SpaceX at $1T and xAI at $250B. An IPO is planned for June 2026, coinciding with Musk's birthday. The merger aims to extend AI capabilities to space exploration.