Startups & Funding
SpaceX acquires xAI for $250B in all-stock deal, creating $1.25T combined entity
Elon Musk's SpaceX has acquired his AI startup xAI in an all-stock transaction valuing the combined company at $1.25 trillion. The deal consolidates Musk's space and AI ambitions under one roof, with SpaceX valued at $1 trillion and xAI at $250 billion. The move comes ahead of a reported mega-IPO.