Musk Is Said to Be in Advanced Talks to Combine SpaceX, xAI (1)

Elon Musk is in advanced talks to combine Space Exploration Technologies Corp. with xAI, according to people familiar with the matter, underscoring how the billionaire’s artificial intelligence ambitions have grown too costly for any one of his entities to shoulder alone.

Musk’s rocket and satellite group, better known as SpaceX, and his artificial intelligence firm have informed some of their investors about the plans, the people said, asking not to be identified because the information is private. They may announce an agreement as soon as this week, some of the people said. Talks are ongoing and may drag on ...