Elon Musk’s SpaceX acquired xAI in a record-setting transaction aimed at expanding AI computing capacity, including potential space-based data centers powered by solar energy.

Elon Musk said Monday that SpaceX has acquired his artificial-intelligence startup xAI in a record-setting deal that unifies his AI and space ambitions by combining the rocket-and-satellite company with the maker of the Grok chatbot.

Musk's merger of SpaceX and xAI turns a future IPO into a bet on space-based data centers and a $1.25 trillion vision for AI compute beyond the planet.

Elon Musk's mega-deal combining SpaceX and xAI is the latest sign that the billionaire is consolidating his business empire as he goes all in on AI.

SpaceX is acquiring xAI, the company announced on Monday, representing a merger of two of Elon Musk’s most ambitious companies.

Musk is combining rocket maker SpaceX with his AI startup, the largest tie-up in his expansive business portfolio.

SpaceX has acquired xAI, which includes the chatbot Grok. Both companies were already owned by Elon Musk. Credit: Avishek Das/SOPA Images/LightRocket via Elon Musk's AI company xAI, which includes Elon Musk's social media platform X,

SpaceX has acquired artificial intelligence company xAI, bringing Elon Musk’s aerospace and AI ventures under one roof.