PANews reported on February 3 that Elon Musk's rocket company SpaceX has acquired xAI, the artificial intelligence company he founded three years ago, for a valuation of $1.25 trillion. This is a massive and unconventional deal aimed at integrating the two previously unlisted companies ahead of their planned IPO this year. The IPO is reportedly poised to become one of the largest IPOs in history in terms of market capitalization.

According to previous reports from Bloomberg, SpaceX is in advanced talks to merge with xAI, and the merger could be announced as early as this week .