Elon Musk Merges SpaceX and xAI for Space-Based AI Data Centers

• SpaceX acquires Elon Musk's xAI, forming the world's most valuable private company, valued at $1.25 trillion.
• Merger driven by plans to build space-based AI data centers to address power and cooling demands.
• Musk highlights strain on terrestrial infrastructure and environment from current AI data centers.
• Space-based data centers would ensure sustained revenue for SpaceX through constant satellite launches.
• The deal combines two Musk-led companies facing distinct financial pressures and different near-term goals.