Musk merges SpaceX and xAI into a $1.25T rocket-and-AI company
Elon Musk announced a merger of SpaceX and xAI that values the combined company at $1.25 trillion. The deal merges launch capacity, Starlink connectivity and xAI's AI stack, creating a rocket‑and‑AI giant and triggering investor concerns alongside national‑security and regulatory questions.