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The Independent UK
The Independent UK
Business
Karl Matchett

Why Elon Musk’s SpaceX mega-merger could be his biggest business risk so far

Another day, another deal for Elon Musk – this time the small matter of creating a $1.25 trillion (£900bn) firm by merging two of his existing ones together.

SpaceX – the company which sends out rockets, provides wifi by satellite and wants to eventually colonise Mars – has now essentially enveloped the activities of xAI, an artificial intelligence-focused businesses which owns Grok, as well as the social media platform X and one of the biggest supercomputers on the planet called Colossus.

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