Elon Musk's mega-deal combining SpaceX and xAI is the latest sign that the billionaire is consolidating his business empire as he goes all in on AI.

Elon Musk's rocket company SpaceX is taking over his artificial intelligence (AI) start-up, as the billionaire takes steps to unify some of his many different business interests. SpaceX on Monday confirmed the deal to acquire xAI,

Elon Musk said on Monday that SpaceX has acquired his artificial-intelligence startup xAI, combining the rocket-and-satellite company with the maker of the Grok chatbot in a move aimed at unifying Musk's AI and space ambitions.

Elon Musk’s companies SpaceX and xAI say they will merge ahead of an expected SpaceX IPO later this year. There’s a big new oil-and-gas merger, but shareholders aren’t happy Driver flying Trump flag hits high school student during anti-ICE protest Justice Dept.

SpaceX has acquired xAI in a deal that combines two of Elon Musk's biggest companies. Why it matters: It dramatically reshapes SpaceX's looming IPO, giving investors access to a dominant space company and a frontier AI model developer.

Musk is combining rocket maker SpaceX with his AI startup, the largest tie-up in his expansive business portfolio.

Speculation that Elon Musk may merge SpaceX and xAI ahead of a potential IPO is reviving hopes—and concerns—about AI convergence across his companies, including Tesla.

Elon Musk is reportedly in “advanced talks” to merge his rocket company SpaceX with his artificial intelligence firm xAI. The two entities, each of which are privately held, have told some of their investors about the plans,