Elon Musk announces the merger of SpaceX with the startup xAI to create a new publicly listed entity, integrating artificial intelligence, rockets, and space internet into a single company.

Elon Musk plans a significant merger between SpaceX, the rocket manufacturer, and xAI, his artificial intelligence startup. This merger aims to prepare SpaceX for a stock market listing, with an estimated valuation of $1.25 trillion. Musk announced on his blog that the new entity will represent "the most ambitious engine of innovation" that will integrate artificial intelligence, rockets, space internet, and the social network X. The transaction was completed on February 2, and Space Exploration Technologies Corp. is listed as a "leading member" of X.AI Holdings. Investors in the recent funding round of xAI include major companies such as Nvidia and Cisco Investments. Details regarding the need for approval from U.S. authorities for the merger have not been clarified by the management of the two companies.