SpaceX plus XAI equals what exactly?

From American Public Media, this is Marketplace Tech.

I'm Stephanie Hughes.

It's Friday.

Time for Marketplace Techbytes, week in review. Today, a look at NVIDIA's changing investment

relationship with OpenAI, plus a stormy start for the new U.S. version of TikTok. But first,

SpaceX, one of the world's largest rocket companies, announced this week it's buying XAI, a two-and-a-year-old

artificial intelligence startup.

Both companies are controlled by Elon Musk.

The new company is reportedly valued at $1.5 trillion.

It means the chatbot crock, the satellite internet company Starlink, and the social media

firm X are all going to coexist under the same rocket hanger.

I asked Pereshtave, senior writer at Wired,

what adding these companies together equals? It equals a nice cozy home for XAI, which is losing

a lot of money. And so Elon needed a way to sort of continue growing AI and, you know, developing the Brock Chatbot. And this is sort of

a cozy home where he can stash XAI within this big, what we think, at least on an adjusted

profit basis, is a profitable venture in SpaceX because their Starlink business has been doing

really well. And, you know, the business

of putting rockets into space is also pretty good. It is post about the deal. Musk talks up the need

to develop space-based data centers to power AI. Does this merger get us any closer to that?

It does in the sense that to, you know, be successful.

You know, I was speaking to an investor recently who's really studied this idea of space data

...