Elon Musk mentioned SpaceX has acquired his synthetic intelligence startup xAI in a record-setting deal that mixes his space and AI ambitions beneath one firm
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Dado Ruvic
Elon Musk mentioned on Monday SpaceX has acquired his synthetic intelligence startup xAI in a record-setting deal, unifying the billionaire’s AI and space ambitions by combining the rocket-and-satellite firm with the maker of the Grok chatbot.
The deal, first reported by Reuters final week, represents one of the crucial bold mergers within the know-how sector but. It values SpaceX at $1 trillion and xAI at $250 billion, an individual accustomed to the matter mentioned.
AI Race Heats
The deal would bolster Musk’s data-center ambitions as competitors heats up additional within the AI race with rivals reminiscent of Alphabet’s Google, Meta, Amazon -backed Anthropic and OpenAI.
Listed here are some key facts about SpaceX and xAI:
Firm Fundamentals
SPACEX
XAI
Based
2002
2023
Founders
Elon Musk
Founding crew included Musk, former Google DeepMind engineer Igor Babuschkin, former Microsoft govt Greg Yang, and former Google analysis scientists Christian Szegedy and Tony Wu.
Key executives
Elon Musk, CEO
Bret Johnsen, CFO
Gwynne Shotwell, President and COO
Elon Musk, CEO
Anthony Armstrong, CFO
Headquarters
Starbase, Texas
Palo Alto, California
Valuation
$1 trillion within the SpaceX-xAI deal.
$250 billion within the deal. The startup was Beforehand, the agency valued at $230 billion was valued at $800 in November, in accordance billion in a December to the Wall Road insider share sale. Journal.
Financials
SpaceX generated about $8 billion in revenue on $15 billion-$16 billion of income final 12 months, Reuters reported final month.
xAI’s web loss widened to $1.46 billion within the September quarter from $1 billion within the prior quarter, Bloomberg Information reported final month. Income almost doubled to $107 million.
Funding
SpaceX plans to go public someday this 12 months, Reuters and different media have reported. Primarily based on its most up-to-date financials, some banks estimate the corporate might elevate greater than $50 billion at a valuation exceeding $1.5 trillion.
Final month, xAI mentioned it raised $20 billion in an upsized Collection E funding spherical, with participation from Valor Fairness Companions, StepStone Group, Constancy Administration & Analysis Firm and Qatar Funding Authority.
Printed on February 4, 2026
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