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Elon Musk's AI startup, xAI, has been valued at $50 billion, The Wall Street Journal reported. xAI's valuation is said to have doubled since the spring, surpassing what Musk paid for Twitter.
xAI was founded by Musk [7] [8] [9] in Nevada [4] on March 9, 2023, and has since been headquartered in the San Francisco Bay Area in California. [10] Igor Babuschkin, formerly associated with Google's DeepMind unit, was recruited by Musk to be Chief Engineer. [11] Musk officially announced the formation of xAI on July 12, 2023.
More: Elon Musk, Vivek Ramaswamy outline plan for 'large-scale firings' in federal workforce under Trump. The new king of the digital town square lobbied for Trump and right-wing issues. An ...
Elon Musk's startup xAI is one of the newer players in the artificial intelligence race, but that hasn't stopped it from bringing in top talent and soaring to a valuation of $50 billion in just 16 ...
In May 2023, Vast announced that it had teamed up with Elon Musk's SpaceX to launch its first single-module space station called Haven-1 aboard a Falcon 9 rocket no earlier than August 2025. [13] Plans were also unveiled for a crewed flight up to Haven-1, called Vast-1, to be launched shortly after placing the station in orbit. [14]
The third-generation SpaceBEE satellites weigh around 400 grams and, like the first generation, have a 0.25U CubeSat format; according to the manufacturer, they are about 11 × 11 × 2.8 centimeters in size. [17] The second generation are 1U cubesats. Solar cells for the power supply are located on the top and the bottom.
Investors close to Elon Musk are in talks to help xAI raise $3 billion in a funding round that could value the startup at $18 billion, sources told the Wall Street Journal.
Musk has stated that one of his goals is to improve the cost and reliability of access to space, ultimately by a factor of ten. [53] In 2004, the company plans called for "development of a heavy lift product and even a super-heavy, if there is customer demand", with each size increase resulting in a significant decrease in cost per pound to orbit.