Musk himself is out with a long-winded mission statement of sorts today, where he presses the need to build AI factories in space, to «harness the sun’s energy.»
Musk reckons this will be the only viable way to build data centers within 2-3 years, saying they are cheaper and more environmentally friendly, and also has plans for «self-growing bases on the Moon.»
The merger sets a new M&A record, and the new company will become the largest privately held corporation in existence, with a net worth of $1.25 trillion. There are also plans for a market debut with a value of $1.5 trillion later this year, writes Reuters.
Read more: Musk’s statement, Reuters, The Verge.