SETTING THE RECORDS STRAIGHT ON CITIZEN ASAR MICHAEL SESUGH'S DEATH. (PHOTO).#PRESS RELEASE.

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 Setting the Records Straight on  Citizen Asar Michael Sesugh's  Death The Economic and Financial Crimes Commission,  EFCC,  considered it imperative to clear the air on some recent incidents at its Makurdi Zonal Directorate,  Benue State.   Operatives of the Directorate arrested 26 suspected cyber fraudsters on April 28,  2026.  They were profiled and kept in custody for further investigations after obtaining a Remand Order at a Magistrate Court.  Shortly after their arrest,  specifically on May 4,  2026,  three of the suspects sought permission to use the lavatory at the Directorate's  Holding Facility and were permitted.   They cashed in on the opportunity,  broke the toilet's roof and escaped from detention.  Several efforts were made to re- arrest them to no avail. However,  fresh intelligence came on Thursday,  May 21,  2026 that one of the escaped suspects,   As...
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MUSK MERGES ROCKET AND AI VENTURES INTO ONE COMPANY AHEAD OF ANTICIPATED IPO . (PHOTO).

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 Musk merges rocket and AI ventures into one company ahead of anticipated IPO 

Elon Musk is combining his space exploration and artificial intelligence ventures into a single company as he prepares for a major initial public offering later this year. SpaceX announced Monday that it had acquired Musk’s AI company xAI, merging several of his ventures, including the AI chatbot Grok, the satellite internet provider Starlink, and his social media platform X. The consolidation is part of Musk’s strategy to dominate both the rocket and AI industries.

Musk has long emphasized the potential of running AI operations from space, arguing that space-based data centers could overcome Earth-based costs for electricity and infrastructure. “In the long term, space-based AI is obviously the only way to scale,” Musk said in the announcement, adding, “It’s always sunny in space!” He predicts that within two to three years, the lowest-cost way to generate AI computing will be in orbit. The idea has met skepticism from other tech leaders; Microsoft President Brad Smith recently said he doubts companies will shift from land-based data centers to low-Earth orbit.

The move positions Musk to compete aggressively against rivals like OpenAI, which is also planning an IPO this year, and Google, which recently launched Project Suncatcher, a solar-powered satellite AI initiative. Musk is also expanding his terrestrial operations, with xAI planning a $20 billion data center near the Tennessee-Mississippi border.

The billionaire has previously merged operations across his companies, including Tesla’s acquisition of SolarCity and xAI’s purchase of X. Musk’s broader portfolio also includes Neuralink, the Boring Company, and ambitious plans for AI-driven humanoid robots and self-driving taxis at Tesla.

Terms of the SpaceX-xAI acquisition were not disclosed. Outside investors include 1789 Capital, a fund co-owned by Donald Trump Jr., which has invested over $1 billion across Musk’s ventures in the past year. Musk has framed the consolidation as part of a broader vision to advance space colonization and ensure humanity’s survival. Speaking at the World Economic Forum in Davos last week, he called humanity “a tiny candle in a vast darkness, a tiny candle of consciousness that could easily go out.”


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