By LiveMint-Business
The proposed merger could boost Musk’s push into space-based AI and strengthen SpaceX’s defence credentials, analysts say. SpaceX is valued near $800 billion, while xAI was last valued at $230 billion, with an IPO potentially pushing SpaceX past $1 trillion.
First Brands Group founder Patrick James and his brother Edward, a former executive at the company, were indicted in New York following the collapse of the bankrupt auto-parts maker last year.
Investors pulled around 15.4% of net assets from one of Blue Owl Capital Inc.’s tech-focused funds, following the vehicle’s decision to dramatically increase the amount investors could withdraw earlier this month.
Apple Inc. has acquired Israel-based artificial intelligence startup Q.ai, which develops technology for reading facial movements and understanding silent communication.
