Gold and silver prices jump again as markets stabilise; SpaceX buys xAI in $1.25tn deal - business live

Rolling coverage of the latest economic and financial newsElon Musk merges SpaceX with artificial intelligence company xAIThe biggest business news of the morning is that Elon Musks SpaceX has acquired his artificial intelligence business xAI for $250bn.The move consolidates two key part of Musks empire, giving the newly merged company a paper valuation of $1.25trn. as SpaceX prepares to to public later this year.the most ambitious, vertically-integrated innovation engine on (and off) Earth, wit...