Corporate developments unfold as SpaceX acquires Tesla's Megapack batteries, xAI joins SpaceX, and collaborations begin on AI processors involving Intel.
2 reports, 1 independent
Updated Jun 29
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What happened
Corporate developments unfold as SpaceX acquires Tesla's Megapack batteries, xAI joins SpaceX, and collaborations begin on AI processors involving Intel.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- SpaceX has acquired xAI to bolster its AI capabilities, and the company is now providing compute power to Anthropic.Sub-event
SpaceX and xAI bought Tesla's Megapacks and started a Terafab chip partnership.1 source
SpaceX acquires Tesla tech; xAI joins; joint ventures established with Intel.1 source
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The entities involved
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SpaceX
American private aerospace company
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Tesla
American automotive, energy storage and solar power company
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Intel
American multinational technology company
Related events
- SpaceX is pursuing strategic partnerships with Intel and Tesla for Terafab chip manufacturing, while also having acquired xAI (Grok).
- SpaceX acquired xAI in an all-stock transaction and also inked lucrative AI deals with Google.
- xAI, a company co-founded by Jimmy Ba, is a subsidiary of SpaceX.
- xAI, associated with SpaceX, is competing with OpenAI in AI development and focusing on AI safety.
- SpaceX is leveraging acquisitions for revenue buffers, while Elon Musk aims for xAI to challenge OpenAI in the competitive AI landscape.