Elon Musk joins rocket and AI businesses into single company before expected IPO

Elon Musk’s rocket venture, SpaceX, announced that it had bought xAI (PA)

Elon Musk is joining his space exploration and artificial intelligence ventures into a single company before a massive planned initial public offering for the business later this year.

His rocket venture, SpaceX, announced on Monday that it had bought xAI in an effort to help the world’s richest man dominate the rocket and artificial intelligence businesses.