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Stockreport

Elon Musk's SpaceX acquires xAI [MSNBC.com]

Tesla, Inc. (TSLA)  More Company Research Source: MSNBC.com
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
SpaceX on Monday acquired xAI, the artificial intelligence startup that also owns the X social media platform, in a deal combining two companies owned by Elon Musk.Musk in a news release said that the combination would aim to pursue AI data centers in outer space.The deal comes on the verge of SpaceX's highly anticipated initial public offering, which is expected to occur later this year.The deal creates "the most ambitious, vertically-integrated innovation engine on (and off) Earth, with AI, rockets, space-based internet, direct-to-mobile device communications and the world’s foremost real-time information and free speech platform,"Musk said in a statementThe combined company will become the world’s most valuable private company, worth more than $1.2 trillion,Bloomberg News reportedMusk went on to say that space would be a crucial avenue for building advanced artificial intelligence."In the long term, space-based AI is obviously the only way to scale," Musk wrote. "The only logical [Read more]
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Stockreport

Elon Musk's SpaceX acquires xAI [MSNBC.com]

Tesla, Inc.  (TSLA) 
More Company Research Source: MSNBC.com
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
SpaceX on Monday acquired xAI, the artificial intelligence startup that also owns the X social media platform, in a deal combining two companies owned by Elon Musk.Musk in a news release said that the combination would aim to pursue AI data centers in outer space.The deal comes on the verge of SpaceX's highly anticipated initial public offering, which is expected to occur later this year.The deal creates "the most ambitious, vertically-integrated innovation engine on (and off) Earth, with AI, rockets, space-based internet, direct-to-mobile device communications and the world’s foremost real-time information and free speech platform,"Musk said in a statementThe combined company will become the world’s most valuable private company, worth more than $1.2 trillion,Bloomberg News reportedMusk went on to say that space would be a crucial avenue for building advanced artificial intelligence."In the long term, space-based AI is obviously the only way to scale," Musk wrote. "The only logical [Read more]
IMPACT SNAPSHOT
EVENT TIME:
TSLA
Last Price
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Price Change %
Volume Shares
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%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
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Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
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PERFORMANCE SINCE EVENT
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