Musk's SpaceX swallows xAI

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SpaceX acquires xAI in record-setting deal as Musk looks to unify AI and space ambitions
By Echo Wang and Joey Roulette Feb 2 (Reuters) - 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.

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SpaceX is acquiring xAI ahead of a possible IPO. Read Elon Musk's memo.
Elon Musk’s SpaceX acquires xAI, merging his two most ambitious companies
US space stocks rise after Musk's SpaceX merges with xAI at $1.25 trillion valuation
Feb 3 : U.S. space stocks rose on Tuesday after Elon Musk announced the merger of SpaceX and xAI in a deal that valued the combined entity at $1.25 trillion, a major push to expand artificial intellig...

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Mega IPOs in focus after Musk's SpaceX acquires xAI
Musk Inc? Billionaire combines his rocket and AI businesses before an expected IPO this year
SpaceX buys xAI in $1.25tn deal to unite crucial parts of Elon Musk’s empire
The deal valued the combined company at $1.25tn after Musk marked up the private valuation of SpaceX to $1tn, citing increases in revenue from its Starlink satellite broadband service, the people adde...

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SpaceX merges with Musk’s AI firm xAI as he pushes plans for space-based AI
Elon Musk merges SpaceX with artificial intelligence company xAI

Musk's xAI, SpaceX combo is the biggest merger of all time, valued at $1.25 trillion

The record-setting deal will be the largest merger of all time and values SpaceX at $1 trillion and xAI at $250 billion, according to documents viewed by CNBC.

What xAI is telling employees about the SpaceX merger

XAI and SpaceX branding will stay separate and collaboration will be limited, the company told staff.

SpaceX combines with xAI at a $1.25 trillion valuation

The deal brings together two of the largest closely held companies in the world. XAI raised funds at a $230 billion valuation in January, while SpaceX was set to go ahead with a share sale in December at a valuation of about $800 billion, Bloomberg reported.