Odd Biz Move - SpaceX Buys xAI

https://www.newsmax.com/finance/streettalk/spacex-xai-combine/2026/02/02/id/1244576/

Elon Musk is moving to unite SpaceX and artificial intelligence
startup xAI in a sweeping merger that would fuse his ambitions
in space and AI under one corporate roof, Bloomberg reports.

The deal, outlined in an internal memo, would value the combined
company at roughly $1.25 trillion, with shares expected to be
priced near $527, according to sources familiar with the deal.

The transaction has not been publicly announced, and the
people requested anonymity due to its confidential nature.

Neither SpaceX nor xAI responded to requests for comment.

The merger would pair two of the world’s most valuable privately
held companies as SpaceX prepares for a potential initial
public offering that could raise up to $50 billion.

. . .

   In theory it's easier to manage a single larger biz
   than a bunch of semi-independent subsidiaries.

   The downside is that it requires more layers of
   bureaucracy - and incompetents tend to fill such
   positions.

   Or maybe his AI will replace those humans ?