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Elon Musk’s rocket maker SpaceX has acquired his artificial intelligence startup xAI in a deal that will value the company at $1.25 trillion, CNBC’s David Faber confirmed Tuesday. The record-setting deal is the largest merger of all time and values SpaceX at $1 trillion and xAI at $250 billion, according to documents viewed by CNBC. Read more: cnb.cx/4rvDlfb | CNBC

#FirstpostLIVE: Elon Musk has made history with the biggest business merger ever. SpaceX has officially acquired Musk’s artificial intelligence company xAI in a deal that could reshape the future of technology and space exploration. The merger integrates AI directly into SpaceX’s rockets, satellites, and Starlink network, with Musk claiming space-based data centres could solve Earth’s growing energy and water constraints. Valued at a staggering $1 trillion for SpaceX and $250 billion for xAI, th