Elon Musk announced that SpaceX acquired his AI startup xAI. The deal values SpaceX at $1 trillion and xAI at $250 billion. The combined entity is expected to price shares around $527. This move strengthens SpaceX’s growth narrative ahead of a potential $1.5 trillion IPO. Musk’s “Muskonomy” now includes SpaceX, Tesla, Neuralink, and more.

Read more at Yahoo Finance: ‘Not Just The Next Chapter, But The Next Book’