Elon Musk merges SpaceX and xAI to create data centers in space
Multimillionaire Elon Musk is merging his two companies — SpaceX and xAI, resulting in a giant with an estimated value of about $1.25 trillion. Of this sum, approximately $1 trillion accounts for SpaceX, and another $250 billion for xAI. These figures were announced by an employee earlier this week, Bloomberg reports .
Elon Musk. Photo: Beata Zawrzel / NurPhoto via Getty Images
"SpaceX has acquired xAI to create the most ambitious vertically integrated innovation platform on Earth (and beyond), combining artificial intelligence, rockets, space internet, direct connection to mobile devices, and the world's leading platform for real-time information exchange and free expression," states a message posted Monday evening on the SpaceX website.
Elon Musk himself explained that the key idea behind the merger is that in just two to three years, the cheapest computations for artificial intelligence will be possible precisely in space.
"The opportunities we will unlock with the creation of space data centers will allow us to finance and operate self-sustaining bases on the Moon, a new civilization on Mars, and, eventually, expansion to the scale of the Universe," Musk believes.
According to Bloomberg sources, the merged company plans to go public with an IPO later this year.
Previously, the Financial Times wrote that SpaceX was considering an IPO as early as June, aiming to raise about $50 billion with a total capitalization of up to $1.5 trillion. If this were to happen, such an offering would become the largest IPO in history.
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