SpaceX has acquired xAI, an artificial intelligence company also run by Elon Musk, as part of his effort to develop orbital data centers.

As announced at the beginning of the week, SpaceX acquired artificial intelligence startup xAI, thus merging two of Musk’s businesses into one. Following the merger, SpaceX's valuation is reportedly $1.25 trillion, making it the highest-valued privately held company.

SpaceX says it wants to deploy an astronomical number of data centres in orbit to supply power for artificial intelligence, but the proposal might not be entirely serious