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Euronews
Euronews
Una Hajdari

SpaceX hits €1.06tn after xAI merger as Musk consolidates empire

Elon Musk’s SpaceX is now valued at $1.25 trillion (€1.06tn) following its merger with artificial intelligence venture xAI, narrowing the gap with Tesla and reshaping the balance of power inside within his business empire.

Tesla’s market capitalisation stands at about $1.58 trillion (€1.34tn), only 26% higher than SpaceX’s latest private valuation.

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