this post was submitted on 03 Feb 2026
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Elon Musk’s SpaceX acquires xAI, merging his two most ambitious companies | CNN Business (www.cnn.com)
submitted 5 hours ago by mesamunefire@piefed.social to c/technology@lemmy.world
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SpaceX has acquired xAI, the company announced on Monday, merging two of Elon Musk’s most ambitious companies into the most valuable private company in the world.

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[–] MCGiorgi@piefed.ca 9 points 4 hours ago (1 children)

Is he just writing off the astronomical debt (pun intended) from xAI and X with this move?

[–] XLE@piefed.social 2 points 1 hour ago

That's what this sounds like. I believe he did something similar by creating shares and transferring them between "X" the Twitter app, and xAI.