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Elon Musk's companies SpaceX and xAI have merged, creating a $1.25 trillion entity. The merger aims to leverage SpaceX's satellite capabilities with xAI's artificial intelligence technology, with plans for data centers in orbit. This deal marks the largest corporate merger in U.S. history.
SpaceX is exploring a merger with Tesla and an alternative partnership with xAI, as Elon Musk looks to streamline his business ventures. Discussions are reportedly driven by investor interest in consolidating Musk's companies ahead of a potential IPO.