Elon Musk is getting serious about orbital data centers | TechCrunch
Musk, who is also the CEO of SpaceX, wrote in a memo posted to the rocket company’s website that the merger is largely about creating space-based data centers — an idea he has become fixated on over the last few months.The tie-up values the combined company at $1.25 trillion, according to Bloomberg News, which was first to report the completed deal. SpaceX has been reportedly preparing an IPO for as early as June of this year. It’s unclear whether the merger will affect that timeline.
