TechFlow News, February 3: According to sources familiar with the matter, Elon Musk plans to merge SpaceX with xAI—a move aimed at integrating his rapidly expanding strategic footprint across artificial intelligence and space exploration. The sources said the merger plan was announced internally via a memo on Monday. The merged company is expected to price its shares at approximately $527 each, valuing the entity at $1.25 trillion. Neither SpaceX nor xAI has responded to the report. This move further entangles Musk’s various business ventures. In late 2022, he acquired the social media platform Twitter (later renamed X), subsequently merging it with xAI for $33 billion. xAI also operates the Grok chatbot, which consumes roughly $1 billion per month in pursuit of its mission to achieve deep understanding of the universe. Merging with SpaceX would consolidate capital, talent, and computing resources while blurring corporate boundaries. The merger could help realize Musk’s vision of deploying data centers in space to support AI’s computationally intensive workloads. According to filings submitted last Friday, SpaceX is seeking regulatory approval to launch up to one million satellites into Earth orbit for this initiative. (Jin10 Data)
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