Elon Musk merges SpaceX with artificial intelligence company xAI

Deal comes as Musk pursues plans for datacenters and solar-powered satellites in space to propel AIElon Musks aerospace firm SpaceX has acquired his artificial intelligence business xAI, in a merger that consolidates part of Musks empire as SpaceX prepares to go public later this year, at a valuation likely to exceed $1tn.The two companies announced the deal on Monday in a statement on SpaceXs website, saying the merger would form the most ambitious, vertically-integrated innovation engine on (a...