Elon Musk has created the world’s most valuable private company – by merging his SpaceX with the artificial intelligence firm – xAI – which he also controls.
The new entity – valued at over $1 trillion – will encompass everything from space rockets to chatbots.
Musk told staff the merger had been driven by his aim to build new data centres out in space. But it will also shore up his AI company with much needed cash.