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Elon Musk’s SpaceX acquires xAI, merging his two most ambitious companies | CNN Business (www.cnn.com)
submitted 9 months ago by to c/technology@lemmy.world
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SpaceX has acquired xAI, the company announced on Monday, merging two of Elon Musk’s most ambitious companies into the most valuable private company in the world.

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[–] 16 points 9 months ago (2 children)

Is he just writing off the astronomical debt (pun intended) from xAI and X with this move?

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  • [–] 2 points 9 months ago

    He is also tying it to a company (SpaceX) that the US government relies on, so in the event one of the other basket cases drags everything else down he is trying to ensure he will get bailouts. Any sensible and non corrupt government would just require the dead bits cut off, but we know that isn't what is in place right now.

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