PARIS — French authorities are investigating accusations that government ministers and others dined in secret restaurants in violation of pandemic restrictions.
The Paris prosecutor’s office said an investigation was opened Sunday into possible charges of endangerment and undeclared labor, and to identify the organizers and participants of the alleged gatherings.
A documentary that aired on French network M6 over the weekend included an unidentified man saying that he had eaten in two or three clandestine restaurants “with a certain number of ministers.”
Government members quickly denied knowledge of such wrongdoing. Interior Minister Gerald Darmanin asked police to look into the claims.
The prosecutor’s office said Monday that the investigation is continuing despite reports that the man featured in the documentary had retracted his claim.
French restaurants have been closed since October to slow the spread of the coronavirus virus. France just entered a new partial lockdown in response to intensive care units again filling with COVID-19 patients.
Government spokesman Gabriel Attal said on LCI television Sunday night that authorities have been investigating reports of clandestine parties and restaurants for months and 200 suspects have been identified and face “heavy punishment.”
Government ministers “have a duty to be totally irreproachable and exemplary,” Attal said.
France: Ministers accused of dining at secret restaurants
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France: Ministers accused of dining at secret restaurants
- French network M6 aired documentary of an unidentified man saying he had eaten in clandestine restaurants with few ministers
- Government members quickly denied knowledge of such wrongdoing
SpaceX acquires xAI in record-setting deal as Musk looks to unify AI and space ambitions
- The deal is the biggest M&A transaction of all time
- Deal values xAI at $250 billion, SpaceX at $1 trillion
Elon Musk said on Monday that SpaceX has acquired his artificial-intelligence startup xAI in a record-setting deal that unifies Musk’s AI and space ambitions by combining the rocket-and-satellite company with the maker of the Grok chatbot. The deal, first reported by Reuters last week, represents one of the most ambitious tie-ups in the technology sector yet, combining a space-and-defense contractor with a fast-growing AI developer whose costs are largely driven by chips, data centers and energy. It could also bolster SpaceX’s data-center ambitions as Musk competes with rivals like Alphabet’s Google, Meta, Amazon-backed Anthropic and OpenAI in the AI sector.
The transaction values SpaceX at $1 trillion, and xAI at $250 billion, according to a person familiar with the matter.
“This marks not just the next chapter, but the next book in SpaceX and xAI’s mission: scaling to make a sentient sun to understand the Universe and extend the light of consciousness to the stars!” Musk said. The purchase of xAI sets a new record for the world’s largest M&A deal, a distinction held for more than 25 years when Vodafone bought Germany’s Mannesmann in a hostile takeover valued at $203 billion in 2000, according to data compiled by LSEG. The combined company of SpaceX and xAI is expected to price shares at about $527 each, another person familiar with the matter said. SpaceX was already the world’s most valuable privately held company, last valued at $800 billion in a recent insider share sale. XAI was last valued at $230 billion in November, according to the Wall Street Journal. The merger comes as the space company plans a blockbuster public offering this year that could value it at over $1.5 trillion, two people familiar with the matter said.
SpaceX, xAI and Musk did not immediately respond to requests for comment.
The deal further consolidates Musk’s far-flung business empire and fortunes into a tighter, mutually reinforcing ecosystem – what some investors and analysts informally call the “Muskonomy” – which already includes Tesla, brain-chip maker Neuralink and tunnel firm the Boring Company. The world’s richest man has a history of merging his ventures together. Musk folded social media platform X into xAI through a share swap last year, giving the AI startup access to the platform’s data and distribution. In 2016, he used Tesla’s stock to buy his solar-energy company SolarCity.
The agreement could draw scrutiny from regulators and investors over governance, valuation and conflicts of interest given Musk’s overlapping leadership roles across multiple firms, as well as the potential movement of engineers, proprietary technology and contracts between entities.
SpaceX also holds billions of dollars in federal contracts with NASA, the Department of Defense and intelligence agencies, which all have some authority to review M&A transactions for national security and other risks.
