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Elon Musk merges SpaceX with xAI at $1.25tn valuation

Aerospace business and artificial intelligence firm to unite for IPO as world’s most valuable private companyBusiness live – latest updatesElon Musk’s aerospace company SpaceX has acquired his artificial intelligence business xAI, in a $1.25tn (£910bn) merger that consolidates part of Musk’s empire as SpaceX prepares to go public later this year.The two companies announced the

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