Billionaire folds rocket maker into a lossmaking AI start-up, betting scale and control can beat rivals to blockbuster IPO ...
Musk is combining rocket maker SpaceX with his AI startup, the largest tie-up in his expansive business portfolio.
SpaceX’s acquisition of xAI creates business worth $1.25tn but whether premise behind deal will work is questioned ...
It’s all about this sci-fi fantasy. Elon Musk just created the world’s most valuable private company. And he didn’t do it through rapid growth or a new product launch — at least not directly, anyway.
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