Elon Musk has announced a significant restructuring of his AI venture, xAI, in preparation for a merger with SpaceX, valued at $1.25 trillion, and a planned IPO later this year. According to the Daily Times, this merger is poised to be one of the largest IPOs ever, combining SpaceX's profitable rocket operations with xAI's innovative yet financially demanding AI projects. The merger aims to leverage space-based data centers to meet the global electricity demand for AI, as terrestrial solutions fall short. Musk's vision includes launching up to one million satellites to serve as AI data centers in orbit, a plan that has drawn both intrigue and skepticism from experts due to technological challenges such as radiation-resistant chips and heat dissipation (LA Times).