Khaberni - The American billionaire Elon Musk has officially completed the merger of the companies «SpaceX» and «xAI», some of the largest private companies in the world, in a step that is expected to secure massive funding for Musk's boundless ambitions in artificial intelligence.
Elon Musk announced that «SpaceX» has acquired his start-up in artificial intelligence, xAI «xAI», in a record-breaking deal that unites his ambitions in artificial intelligence and space, by merging the rocket and satellite company with the chatbot manufacturer Grok.
The value of xAI is estimated at 250 billion dollars, while SpaceX is estimated at a trillion dollars.
Musk has repeatedly talked about the need to accelerate the development of technology that allows data centers to operate in space, a goal that may become easier to achieve in the merged company.
One source reported that the company still expects to offer its shares for public subscription later this year, and SpaceX was planning to offer its shares for public subscription, with the aim of raising up to 50 billion dollars, in the largest initial stock sale to date.
According to some sources, the value of the merged company's shares is expected to reach 526.59 dollars, and one source confirmed that the deal is entirely through stocks.
Musk explained in his statement the rationale for the deal, saying that the least costly way of conducting artificial intelligence computations within two to three years would be in space.
