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 ground-based data centers that require massive amounts of power and cooling,” wrote Elon Musk announcing the merger. “Global AI electricity demand simply cannot be met with terrestrial solutions, even in the short term, without imposing societal and environmental hardship.”
“In the long term, space-based AI is clearly the only way to scale,” Musk continued. “Harnessing even one millionth of our sun’s energy would require over 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, Bloomberg reported, noting that xAI recently raised money at a valuation of $230 billion and SpaceX at a value of about $800 billion.
