Thursday, 5 February, 2026
SpaceX Merger Offers Vital Lifeline for Elon Musk’s Debt-Heavy AI Startup xAI
Elon Musk’s AI venture, xAI, is set to receive a significant financial boost through a strategic merger with SpaceX. The move provides a crucial lifeline for the startup, which has been grappling with high debt levels amid the intensive capital demands of AI development. By leveraging SpaceX’s robust balance sheet and infrastructure, the merger aims to accelerate xAI’s growth.
Read full story at Economic Times