SpaceX merger provides lifeline for Elon Musk’s debt-ridden AI startup

The company, which owns Musk’s AI startup and the social network X, is saddled with billions of dollars in debt, besieged by well-funded rivals and faces mounting regulatory scrutiny after its chatbot spread sexualized images. It also brings in scant revenue, compared to SpaceX. Much of what it does generate comes from Musk’s other businesses.