Elon Musk has announced that his rocket company SpaceX will take over his artificial intelligence outfit xAI, as he seeks to raise billions of dollars for his science fiction-worthy outer space projects. Musk wrote on the Space
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Elon Musk has announced that his rocket company SpaceX will take over his artificial intelligence outfit xAI, as he seeks to raise billions of dollars for his science fiction-worthy outer space projects.
Musk wrote on the SpaceX website Monday that the merger further entwining his business interests would create “the most ambitious, vertically-integrated innovation engine on (and off ) Earth”.
He cited capabilities in “AI, rockets, space-based internet, direct-to-mobile device communications and the world’s foremost real-time information and free speech platform”.
SpaceX has set the pace in the space launch market, offering reusable rockets that vastly reduce the cost of putting satellites into orbit and itself owning the largest satellite constellation, Starlink.
The company is set for a stock market listing this year widely expected to be the biggest in history, with The Financial Times reporting the initial public offering (IPO) could come in June and aim to bring in $50 billion.
Musk called SpaceX’s absorption of xAI “not just the next chapter, but the next book” in what he said was the companies’ “mission” to “make a sentient sun”.
