Elon Musk merged xAI with SpaceX.

Elon Musk announced that SpaceX has acquired its own artificial intelligence company, xAI, with the goal of developing artificial intelligence in space.

Musk stated after the merger, "Artificial intelligence in space is the only way to scale." This strategic move seems likely to provide significant momentum in the development of artificial intelligence technology.

According to Bloomberg, an IPO for the new combined company is anticipated, and its value is estimated to be around $1.25 trillion.