Musk Merged SpaceX With xAI. His Investors Paid the Bill.

SpaceX issued $250 billion in new shares to absorb Musk's money-losing xAI. Existing investors were diluted overnight, with no vote and no independent board approval.

 SpaceX Absorbs xAI in $1.25 Trillion Deal, Diluting Investors

"After a short negotiation with himself," investor Ross Gerber wrote on social media Monday afternoon, "Elon has decided to merge SpaceX and xAI."

That line landed harder than anything in the official SpaceX announcement, which read like a pitch deck written at 3 a.m. The company promised "a sentient sun to understand the Universe and extend the light of consciousness to the stars." It referenced Kardashev Type II civilizations. It mentioned Mars.

What it did not mention was the price tag.

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