Bloomberg:

SpaceX acquires xAI; sources say the deal is all stock and values the combined company at $1.25T, with SpaceX valued at $1T and xAI at $250B  —  Elon Musk's SpaceX has acquired xAI, in a deal that encompasses the billionaire's increasingly costly ambitions to dominate artificial intelligence and space exploration.

Bloomberg:

SpaceX acquires xAI; sources say the deal is all stock and values the combined company at $1.25T, with SpaceX valued at $1T and xAI at $250B  —  Elon Musk's SpaceX has acquired xAI, in a deal that encompasses the billionaire's increasingly costly ambitions to dominate artificial intelligence and space exploration.

Source: TechMeme
Source Link: http://www.techmeme.com/260202/p37#a260202p37