The fast-tracked deal is premised on SpaceX’s satellite prowess combining with xAI’s technology.

This merger would bring the Grok chatbot, Starlink satellites, and SpaceX rockets together under one corporation.

Elon Musk is joining his space exploration and artificial intelligence ventures into a single company before a massive planned initial public offering for the business later this year

Despite the vote, Tesla said that it agreed on January 16 to invest in xAI’s Series E funding round. Musk's SpaceX invested $2bn in xAI last year. Tesla also revealed that it sold $430 million worth of Megapack batteries to xAI, which the company uses to help power its Colossus data center in and around Memphis, Tennessee.

Shares of Chinese solar panel makers surged after a team of staff sent by Elon Musk had reportedly visited several photovoltaic suppliers in China.

My estimate is that within two to three years, the lowest cost way to generate AI compute will be in space,” Musk wrote in a post on SpaceX’s website on Monday.

Musk wrote that the merger of SpaceX and xAI will ‘form the most ambitious, vertically-integrated innovation engine on (and off) Earth.’

Tesla dominated the electric vehicle industry by the mid-2010s with sleek, fast cars that helped combat the public perception that EVs were severely limited by short ranges.