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After Merging xAI and SpaceX, Elon Musk Hopes He Can Win Over Wall Street

The billionaire’s decision to merge his A.I. start-up with his rocket company will test investors’ interest in giant combinations of unalike businesses.

© Meridith Kohut for The New York Times

SpaceX’s launchpad near Brownsville, Texas. In addition to rockets and satellites, Elon Musk’s company now includes artificial intelligence and social media businesses.
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Elon Musk’s xAI Raises $20 Billion

The funding is part of an A.I. frenzy, as investors aggressively plow enormous sums into fast-growing start-ups at sky-high valuations.

© Kenny Holston/The New York Times

Elon Musk founded xAI in 2023.
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