Reports suggest that Elon Musk is eyeing up a merger involving SpaceX, Tesla and xAI, but what does he hope to achieve by consolidating his business empire?

Two of Elon Musk’s best-known companies look likely to be headed for a mega merger ahead of a mooted IPO. SpaceX, the South African entrepreneur’s space exploration firm, and xAI, the AI company he established in 2023 to challenge OpenAI, are reportedly in discussions ahead of a merger and initial public offerings.

On Tesla's fourth-quarter earnings call, CEO Elon Musk said the company is ending production of its Model S and X vehicles.

Elon Musk is reportedly set to bring his social-media platform, artificial-intelligence startup and rocket company under a single roof.

Elon Musk said retirement savings would be pointless in an abundant future. Dario Amodei warned of job losses and rising inequality along the way.

"Grok video is now 10 seconds and the audio is greatly improved," Musk captioned a video of an AI-generated Sweeney on a spaceship.

The case, which focuses on Musk’s early financial support for OpenAI and its nonprofit status, is expected to go to trial in April.

In Tesla's annual financial filing, the company said that last year it sold $430 million worth of its energy storage products to xAI, Elon Musk's AI startup.