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.

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.

Maybe combining Musk’s companies is really about space AI data centers. But reports from Bloomberg and the Wall Street Journal indicate that SpaceX’s IPO pursuit includes a push to have major index providers find a way around the usual waiting periods before they’ll add newly listed companies.

As part of an antitrust lawsuit related to App Store rankings, OpenAI has accused xAI of using ephemeral messaging apps to destroy evidence.