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Musk Merges SpaceX with xAI, Boosting Valuation

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Elon Musk's strategy involves folding SpaceX into his xAI venture, a move designed to accelerate the AI startup's growth. This restructuring aims to leverage SpaceX's resources and scale to gain a competitive edge in the rapidly evolving artificial intelligence market. The goal is to position xAI for a blockbuster IPO, potentially capitalizing on the soaring valuations in the AI sector.