How Elon Musk used SpaceX to rescue xAI and build a US$1.25 trillion colossus
- by Financial Post | Canada Business News
- Feb 03, 2026
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Investors are now speculating about an eventual merger with Musk's Tesla after the electric vehicle maker announced its own US$2 billion investment in xAI last week.
Photo by Fabrice COFFRINI/AFP via Getty Images/Postmedia files
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Elon Musk pulled off one of the most audacious deals of his career on Monday, merging SpaceX with xAI to create the most valuable private company in history.
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