SpaceX Acquires xAI, Forming $1.25 Trillion Company
Elon Musk said SpaceX acquired xAI, a deal that combines his powerful rocket-and-satellite business with his artificial-intelligence startup that is facing steep competition.
SpaceX insider share sale sets $800 billion valuation
SpaceX is preparing to go public next year and has opened a secondary share sale that would value the company at $800 billion, according to a letter to shareholders sent by the company’s CFO Bret Johnsen and reviewed by Reuters.
Microsoft and OpenAI reach new deal valuing OpenAI at $500 billion
Microsoft and OpenAI reached a deal to allow the ChatGPT maker to restructure itself into a public benefit corporation, valuing OpenAI at $500 billion and giving it more freedom in its business operations.