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🔥 Elon Musk's SpaceX has acquired the AI startup xAI, also founded by Elon Musk, in a record-breaking deal that combines his space ambitions and artificial intelligence. The deal values SpaceX at approximately $1 trillion and xAI at around $250 billion, making it the largest acquisition in history.
Called a “purchase,” but in reality, it's a transfer of ownership, as the money doesn't actually leave Elon Musk's ecosystem. xAI shareholders exchanged their shares for SpaceX stock, while Elon Musk retains overall control. The merger is expected to enhance SpaceX's data center and AI capabilities. The main goal is to restructure ownership, optimize capital and valuation, and prepare for SpaceX's IPO.#StrategyBitcoinPositionTurnsRed #WhenWillBTCRebound? $BTC $ETH