SpaceX, the rocket and satellite maker led by Elon Musk, said on Monday it had acquired xAI, the artificial intelligence company controlled by Mr. Musk, a sweeping move to consolidate his business empire as it faces questions about the cost of its A.I. ambitions.

Elon Musk is moving to combine his rocket company, SpaceX, with his artificial intelligence startup, xAI, according to people familiar with the matter, reports Bloomberg. The discussions come as the financial burden of building high-end AI systems continues to escalate,