SpaceX acquires xAI, with plans for AI data centres in space
According to Bloomberg, the combined company is worth $1.25 trillion. Musk says Earth alone can't supply enough power for AI.
On February 2, SpaceX officially acquired the AI company xAI; both are owned by Elon Musk. The deal creates "the world's most valuable private company".
The numbers
- According to Bloomberg, the combined company is valued at $1.25 trillion
- xAI burns about $1 billion a month
- Tesla and SpaceX had each previously invested $2 billion in xAI
Why?
Musk wrote in a memo:
"Global electricity demand for AI simply cannot be met with terrestrial solutions."
The goal is to build AI data centres in space, powered by solar energy. SpaceX had already applied to launch up to 1 million satellites.
Founder and editor-in-chief of Kurd Developers. Phone and tech news on YouTube, Instagram and TikTok.
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