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Elon Musk fuses SpaceX and xAI in $1tn mega deal

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Elon Musk fuses SpaceX and xAI in tn mega deal


A SpaceX Starship spacecraft rolls out toward its launch pad past the Starbase Manufacturing Facility before its 10th test flight from the company’s complex in Starbase, Texas, U.S., August 23, 2025. — Reuters 

Elon Musk said on Monday that SpaceX has acquired his artificial-intelligence start-up xAI in a record-setting deal that unifies Musk’s AI and space ambitions by combining the rocket-and-satellite company with the maker of the Grok chatbot.

The deal, first reported by Reuters last week, represents one of the most ambitious tie-ups in the technology sector yet, combining a space-and-defence contractor with a fast-growing AI developer whose costs are largely driven by chips, data centres and energy. It could also bolster SpaceX’s data-centre ambitions as Musk competes with rivals like Alphabet’s Google, Meta, Amazon-backed Anthropic and OpenAI in the AI sector.

The transaction values SpaceX at $1 trillion, and xAI at $250 billion, according to a person familiar with the matter.

“This marks not just the next chapter, but the next book in SpaceX and xAI’s mission: scaling to make a sentient sun to understand the Universe and extend the light of consciousness to the stars!” Musk said.

The purchase of xAI sets a new record for the world’s largest M&A deal, a distinction held for more than 25 years when Vodafone bought Germany’s Mannesmann in a hostile takeover valued at $203 billion in 2000, according to data compiled by LSEG.

The combined company of SpaceX and xAI is expected to price shares at about $527 each, another person familiar with the matter said. SpaceX was already the world’s most valuable privately held company, last valued at $800 billion in a recent insider share sale. xAI was last valued at $230 billion in November, according to the Wall Street Journal.

The merger comes as the space company plans a blockbuster public offering this year that could value it at over $1.5 trillion, two people familiar with the matter said.

SpaceX, xAI and Musk did not immediately respond to requests for comment.

The deal further consolidates Musk’s far-flung business empire and fortunes into a tighter, mutually reinforcing ecosystem – what some investors and analysts informally call the “Muskonomy” – which already includes Tesla, brain-chip maker Neuralink and tunnel firm the Boring Company.

The world’s richest man has a history of merging his ventures. Musk folded social media platform X into xAI through a share swap last year, giving the AI start-up access to the platform’s data and distribution. In 2016, he used Tesla’s stock to buy his solar-energy company SolarCity.

The agreement could draw scrutiny from regulators and investors over governance, valuation and conflicts of interest given Musk’s overlapping leadership roles across multiple firms, as well as the potential movement of engineers, proprietary technology and contracts between entities.

SpaceX also holds billions of dollars in federal contracts with NASA, the Department of Defense and intelligence agencies, which all have some authority to review M&A transactions for national security and other risks.





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Gordon Ramsay reveals ‘most important thing in life’

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Gordon Ramsay reveals ‘most important thing in life’


Gordon Ramsay reveals ‘most important thing in life’

Gordon Ramsay may have built his reputation on Michelin stars and television fireworks, but when it comes to raising his six children, the lesson he holds above all others is a rather simpler one.

Speaking to Fox News Digital in an interview published on Sunday, 24 May, the 59-year-old chef revealed what he considers the single most important thing he has instilled in his kids. 

“The one thing I’ve taught them all, brilliantly, are manners,” he said, adding with characteristic directness: “The most important thing in life, but they cost zero.”

Ramsay shares his six children, Megan, 28, Holly, 26, Jack, 26, Matilda, 24, Oscar, 7, and Jesse, 2, with his wife Tana. 

On the professional front, one of his children appears to be following closely in his footsteps. 

Ramsay spoke to PEOPLE in February about his daughter Matilda, known as Tilly, who has chosen to pursue a career in food, a decision that clearly delights him. 

Ramsay spoke to PEOPLE again at the Fox Upfront event on 11 May, where he was celebrating the renewal of several of his shows including Hell’s Kitchen, Kitchen Nightmares, Next Level Chef, Next Level Baker, Gordon Ramsay’s Secret Service and Gordon Ramsay’s Being Gordon Ramsay

Asked which of his six shows currently on air is his favourite, he reached for a familiar metaphor. 

“I have six shows on air right now. That’s like saying, I have six kids as well, what’s my favourite kid? It depends, it’s the one that least pisses me off at the moment.”

Six kids, six shows, and a firm belief in the power of a please and a thank you. Not a bad philosophy, all things considered.





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Patti LaBelle on being called a legend: “I have earned it”

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Patti LaBelle on being called a legend: “I have earned it”


Patti LaBelle has been singing for six decades, earning hit records, Grammys and the nickname the “Godmother of Soul.” As she celebrates her 82nd birthday on Sunday, she said she’s “having fun living it down.” 

“At 82, I am really living it down, not up. But having fun living it down. I play cards. We have card games on Saturday nights,” LaBelle said. “How easy is it to play cards and take other folks’ money? That’s what I do, and I love it.”

Just like her high notes, she has staying power. LaBelle is still professionally singing, something she said she has to do.

“Singing is my life,” she said, adding that her voice is “big. It’s loud. It’s soft. It can rap. It can do opera, on a good day.” 

LaBelle spent her childhood in Philadelphia, a place she still calls home. Back then, she was a shy girl named Patsy Holt.

“My mother had to pay me to go outside. I was very, very, very shy. I would sing in my bedroom with the broom as a microphone. So I knew I had a voice and my mother and father loved my voice,” LaBelle said. 

At age 10, she joined a church choir where a duet unlocked the magic of performing. She said she still remembers getting the chills the moment when everyone stood up and said, “Hallelujah.”

As a teen, she started singing with a group. A record label executive suggested she change her name to LaBelle, which means beautiful, but with that advice came a nasty assessment. He called her “quite ugly.” 

“It gave me hurt, just total, total hurt, because I knew how much he loved my voice. And I knew, no matter what anyone said about me, I am who I am, I’m not gonna change. The only thing that changed was my nose. I had a huge nose, so I had it done,” she said. “And that’s all I’ve ever had done. My nose, because it was not pleasing to me.” 

When Patti LaBelle and the Blue Belles became simply Labelle, they changed their style to what the singer described as “outrageous crazy outfits.” They turned “Lady Marmalade,” a song about a Creole prostitute, into a classic hit.

“We were singing about the revolution and sexual things before any Black girl or White girl group sang,” LaBelle said. 

“When we sang [Lady Marmalade], we didn’t know what ‘voulez-vous coucher avec moi’ meant. It means, ‘Will you sleep with me tonight?’ So we got a lotta flak from the nuns and different people. And I was saying, at that time, ‘Well, a hooker has to make money too,'” she laughed. 

The group split in 1977 but stayed friends. LaBelle said she was petrified when she stepped out as a solo artist for the first time. Getting therapy “helped a whole lot,” she said. 

“I learned that I’m never gonna stop singing. And if it’s with a group or alone, that’s what I’m gonna do for the rest of my life,” LaBelle said. 

LaBelle’s other talent is cooking. She’s written several bestselling cookbooks and has her own line of food and houseware products, Patti’s Good Life. Her hometown is filled with fans, and even visiting a Philadelphia ShopRite to hand out pancake mix caused quite a stir.   

LaBelle isn’t planning to give up singing anytime soon. 

“It’s never my last show. I’ll be singing until I can’t no more,” she said. 

And on her 82nd birthday, maybe the real gift is that LaBelle knows exactly who she is — a mother, grandmother, and yes, a legend.

“I love it. I should be called, ‘Legend, legend, legend, legend.’ Yes. I love it,” she laughed. “I have earned it. Yes, I have.”

WEB EXCLUSIVE: Watch an extended interview with Patti LaBelle (Video)



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Drake sets new record at ‘Iceman,’ ‘Habibti’ and ‘Maid of Honour’

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Drake sets new record at ‘Iceman,’ ‘Habibti’ and ‘Maid of Honour’


Drake sets new record at ‘Iceman,’ ‘Habibti’ and ‘Maid of Honour’

Drake has made Billboard chart history, becoming the first artist ever to simultaneously occupy the top three positions on the Billboard 200 albums chart.

Iceman, the album he had been building towards for nearly two years, debuted at number one with 463,000 equivalent album units in its first week. 

Behind it, Habibti landed at number two with 114,000 units and Maid of Honour at number three with 110,000, all three released on the same night in a surprise triple drop that caught even the most devoted fans off guard.

The number one position alone would have been a landmark. 

Iceman gives Drake his 15th chart-topping album, surpassing Jay-Z’s previous record for the most number ones among solo male artists and R&B and hip-hop acts. 

It also draws him level with Taylor Swift for the most number ones among solo acts overall, a list only the Beatles sit above, with their record of 19.

In terms of raw numbers, Iceman‘s opening week is the second biggest of 2026 so far, behind only BTS’ Arirang, which moved 641,000 units. It is, however, the biggest opening week of the year for any R&B or hip-hop record.

The rest of the Billboard 200 reshuffled accordingly. 

Noah Kahan’s The Great Divide, previously sitting at number one, dropped to four. 

Ella Langley’s Dandelion holds at five, followed by Morgan Wallen’s I’m the Problem, two Michael Jackson titles, Lucki’s Dr*gs R Bad, and BTS’ Arirang rounding out the top ten.

For Drake, it is a statement of intent, and one that lands in the record books before the conversation has even fully begun.





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