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Nobody is paying for Elons xAI so he used SpaceX to buy xAI to fund it.
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Under the pretense that SpaceX will be used to launch material into space to build space data centers.
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They now also own xAI
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Which in turn owns Twitter. SpaceX is now a social media company in addition to a rocket company.

One theory I think Matt Levine posited, is that SpaceX will go public with dual-class stock that gives Elon control even with a minority ownership stake, and will subsequently buy Tesla, which doesn't have dual class stock, making SpaceX the singular "Elon Musk company", with him having operational control despite being public.

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That theory aligns with Elon's long-held dream of X as the "Everything Company".
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Then he'll rebrand SpaceX to " X" (a space followed by an X).
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