The details: The deal valued SpaceX at about $1 trillion, up from the roughly $800 billion cited in December; xAI was valued at $250 billion, slightly up from its last fund-raising round. (The move required SpaceX to issue about $250 billion of new stock, drastically diluting the stakes of existing investors.)

SpaceX has formally acquired another one of Elon Musk’s companies, xAi, the space company announced on Monday afternoon.

Elon Musk is joining his space exploration and artificial intelligence ventures into a single company before a massive planned initial public offering for the business later this year.

Dubai: SpaceX, the private rocket company founded by Elon Musk, is quietly moving toward a step that could reshape global financial markets: a stock market listing that may be the largest ever attempted. Sign up for our daily business newsletter, Cheques ...

SpaceX's Starship, the world's largest rocket, has inspired several Chinese companies to develop similar spacecraft designs.

By Max Hunder KYIV, Jan 29 (Reuters) - Ukraine is working with U.S. satellite firm SpaceX to resolve the issue of Russian drones using the Starlink satellite internet system, the defence minister said on Thursday,