SpaceX, the rocket company founded by Elon Musk, has acquired xAI, the artificial intelligence company founded by Elon Musk.
“Current advances in AI depend on large land-based data centers, which require immense amounts of power and cooling,” Elon Musk wrote in announcing the merger. “Global electricity demand for AI simply cannot be met with land-based solutions, even in the short term, without imposing hardship on communities and the environment.”
“In the long term, spatial AI is obviously the only way to scale,” Musk continued. “Harnessing even one millionth of the energy of our Sun would require more than a million times more energy than that currently used by our civilization!”
The combined company is expected to go public at a valuation of $1.25 trillion, Bloomberg reported, noting that xAI recently raised money at a valuation of $230 billion and SpaceX at a valuation of around $800 billion.
