Elon Musk used a common two-step merger process in SpaceX's purchase of xAI (X.AI) that had the dual benefit of avoiding the repayment of billions of dollars in debt while giving shareholders a tax advantage,

Elon Musk announced this week that SpaceX will acquire xAI with hopes to build datacenters in space.

Elon Musk, the world's richest man, just combined his companies SpaceX and xAI, creating the most valuable privately-owned company in the world.

By Echo Wang and Joey Roulette Feb 2 (Reuters) - Elon Musk said on Monday that SpaceX has acquired his artificial-intelligence startup xAI in a record-setting deal that unifies Musk's AI and space ambitions by combining the rocket-and-satellite company with the maker of the Grok chatbot.

Elon Musk’s SpaceX acquired xAI in a record-setting transaction aimed at expanding AI computing capacity, including potential space-based data centers powered by solar energy.