SpaceX += xAI => $1.25T

SpaceX on X: "SpaceX has acquired xAI, forming one of the most ambitious, vertically integrated innovation engines on (and off) Earth → https://t.co/3ODfcYnqfg https://t.co/el40rCUBGe" / X

Elon Musk’s aerospace company SpaceX has acquired his AI startup xAI, vertically integrating rocket tech, satellite internet, and generative AI under one entity ahead of a planned 2026 public offering. The deal creates one of the most valuable private tech companies ever, with a combined valuation around $1.25 trillion, and positions the merged firm for a potential IPO later this year.