SpaceX has acquired Elon Muskโ€™s artificial intelligence startup, xAI, creating the worldโ€™s most valuable private company, the spaceflight company announced Monday.

Musk, who is also the CEO of SpaceX, wrote in a memo posted to the rocket companyโ€™s website that the merger is largely about creating space-based data centers โ€” an idea he has become fixated on over the last few months.

โ€œCurrent advances in AI are dependent on large terrestrial data centers, which require immense amounts of power and cooling.

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