SpaceX’s acquisition of xAI creates exchange rate $1.25tn however whether or now not premise in the support of deal will work is questioned
The acquisition of xAI by SpaceX is a typical Elon Musk deal: gigantic numbers backed by gigantic ambition.
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To boot to extending “the sunshine of consciousness to the celebs”, as Musk described it, the transaction creates a exchange rate $1.25tn (£920bn) by combining Musk’s rocket firm alongside with his artificial intelligence startup. It values SpaceX at $1tn and xAI at $250bn, with a stock market flotation anticipated in June to time with Musk’s birthday and a planetary alignment.
