CNBeta — 2026-05-07#
Top Story#
Elon Musk has officially announced the integration of his AI startup xAI into SpaceX, renaming the combined entity to SpaceXAI. According to a CNBeta report on the merger, this massive $1 trillion valuation deal is driven by the realization that Earth’s power grids cannot support the gigawatt-scale energy demands of future AI, prompting a radical shift toward building orbital AI data centers powered by solar energy.