SpaceX takes xAI. Since this merger of two Musk companies has become a rumor, crazy numbers like $1.5 trillion started to be thrown around when talking about the total valuation of SpaceX, so you can sum it up by saying “The combination of SpaceX and xAI gets you the biggest IPO of all time!” and yes, that is more believable now than ever. For reference, the valuation of SpaceX estimated at about $800 billion less than two months ago.

But is this combination as crazy as it sounds?

The combined company will be a “vertically-integrated innovation engine,” according to a new SpaceX press release with Elon Musk’s personal signature on it. By its own reckoning, the company now deals with “AI, rockets, space-based internet, direct-to-mobile device communications and the world’s leading real-time information and free speech platform.” Another way of saying it could be that SpaceX is now the company behind vertically-landing rocket boosters, the majority of satellites currently in orbitkindness fat rockets that tend to explodedeer ISPthe microblogging app known as X, a sassy chatbot called Grok famous for its lewd images, and many more.

SpaceX now owns, for example, Grokipedia, the AI-written, anti-woke parody of Wikipedia. And remember Vine, the defunct 6-second video social media app? Yes SpaceX, that has billions of dollars in Pentagon contracts and responsible for NASA’s crewed missions, now also owns the rights to Vine. Musk claiming that he returned it “in AI form.”

Like many taught before meSpaceX has become a truly indispensable player in aerospace and human space travel efforts through a process that has included an extraordinary number of rare and public rocket explosions that would almost never be allowed if SpaceX were a government agency. It’s always walking a delicate tightrope, keeping boring people happy, while also being subject to the absurdities and horrors that accompany Elon Musk’s run.

Gwynne Shotwell, the president and COO of SpaceX, was described in the Wall Street Journal as “a translator for Musk, especially for officials who trust SpaceX but sometimes are not concerned about his activities.” In the same Journal article, former NASA administrator Bill Nelson—also a Democratic ex-Senator—called Shotwell, “the steady hand” of the company, adding, “I have a lot of confidence in him. Because of that, I have a lot of confidence in SpaceX.”

Come back in 2022when Musk was in the middle of buying Twitter in as chaotic a way as possible, Nelson said he called Shotwell, and said, “Tell me that the distraction that Elon can do with Twitter is not going to affect SpaceX.”

“I assure you, it’s not,” she said he told her. “You have nothing to worry about.”

Now imagine Shotwell four years later. Twitter is now X. Last year, X’s proprietary AI chatbot for a while started calling himself “MechaHitler” at one pointand then this created tons of pictures of scantily clad children. So not only is the drama ramped up, but you’re the president and COO of the company that’s doing all that stuff, too.

And imagine that Shotwell will have to oversee this merger while Musk, the celebrity-hungry CEO of this conglomerate has spent the last few days. REACHING on post his way from any consequences or disapproval brought on by the public disclosure of emails in which he repeatedly asked Jeffrey Epstein if he could have a party on his private island.

So one can only wonder what Musk’s state of mind was when he finalized plans for this merger. But what I do know is that he wants investors in xAI and SpaceX—and maybe start in Junefuture holders of publicly traded SpaceX stock—in the belief that this merger creates a company that gels and has a unified agenda. But you might want to take as big a bong rip as you can before you try and get your head around that agenda as Musk described in his press release:

This rocket and AI company is actually an AI-in-space company, you see, because, according to Musk’s estimate, “within 2 to 3 years, the lowest-cost way to create AI compute will be in space.” After all, “in the long term, space-based AI is clearly the only way to scale.” Obviously.

But training models with space computing is just the beginning, because Musk admits that by combining these two concepts, they will “scale to be able to one day understand the Universe.”

Companies don’t always have to make sense. Samsung has hotels. Red Bull has a nature magazine. Konami has aerobics gyms. Sometimes these inconsistencies are prosperous remnants from a different era for a company, but sometimes they reveal the caprice or stupidity of the company’s leadership, which may not matter.

But again, it is not far-fetched to think that Elon Musk’s whim — and the fact that it is an economic one. powerful subset of Wall Street bulls think caprice equals wisdom—it could soon take control of the world’s most funded AI company at a time when AI is the load bearing structure that supports the entire economy. If the IPO is good (the New York Times sources as Musk hopes it will raise $50 billion), that AI company is in your 401(k) while it also manages the lives of astronauts.

In other words, we are headed for a time when the bulls on Wall Street must be right. More than ever the whim of Elon Musk can be done NEED may indeed be wisdom, as incredible as it may be. AI better not be a bubble if this IPO goes well, and the value of Musk himself better not be inflated either. All our well-being may depend on it.