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This super-whale is none other than Elon Musk’s SpaceX, which just mushroomed in size via its all-stock acquisition of another bastion of the tech titan’s empire, xAI, creator of the chatbot Grok. News that Musk planned an IPO for SpaceX emerged in December, around the time a new funding round valued the rocket enterprise at $800 billion. In January, just prior to being bought by SpaceX, xAI achieved a $230 billion cap via a fresh capital raise.
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