Elon Musk strikes $1.25tn deal to unite SpaceX and Grok

By combining xAI and SpaceX, Elon Musk will also be able to realise at least some of his investment in X - Stefani Reynolds/Bloomberg Elon Musk’s SpaceX has acquired his social media and artificial intelligence business xAI in a $1.25tn (£910bn) deal to unite much of his business empire. In a statement on Monday, Mr Musk said his rocket launching business had acquired xAI, which owns both social media network X and the Grok chatbot, “to accelerate humanity’s future”. The billionaire argued that the comb ...