SpaceX, the rocket company founded by Elon Musk, has acquired xAI, the artificial intelligence company founded by Elon Musk.
“Current advances in artificial intelligence rely on large terrestrial data centers, which require massive amounts of power and cooling,” Elon Musk wrote when the merger was announced. “Even in the short term, global AI power needs cannot be met by ground-based solutions without causing hardship for communities and the environment.”
“Space-based AI is clearly the only way to scale in the long term,” Musk continued. “Harnessing even one millionth of the sun’s energy would require more than a million times more energy than our civilization currently uses!”
The combined company is expected to go public at a valuation of $1.25 trillion, according to Bloomberg, which noted that xAI recently raised funds at a $230 billion valuation and SpaceX is valued at about $800 billion.
