On Monday, Elon Musk said that SpaceX has acquired his artificial intelligence startup xAI. Musk Pitches AI And Space As One Unified Mission Announcing the deal in a blog post, Musk framed the merger as a long-term bet on humanity's future. He said combining SpaceX's rockets and satellite networks with xAI's Grok chatbot and AI models marks "not just the next chapter, but the next book" in his companies' shared mission to expand intelligence beyond Earth. " A Record-Setting Merger Redefines Global M&A The transaction values SpaceX at about $1 trillion and xAI at roughly $250 billion, reported Reuters, citing people familiar with the matter. The previous record stood for more than two decades, dating back to Vodafone's (NASDAQ: VOD ) $203 billion takeover of Germany's Mannesmann in 2000, the report noted, citing LSEG data. Following the deal, the combined SpaceX-xAI entity is expected to price shares at around $527, one source told the publication. SpaceX was last valued at about $800 b...