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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.
The end result is a privately-owned business which is likely the most valuable on the planet. But it may not be so for long – not because another will usurp it, but because Mr Musk wants to float SpaceX on the stoc
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