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SpaceX merges with xAI, reaching a valuation of $1.25 trillion
BlockBeats News, February 3rd - According to sources familiar with the matter, Musk plans to merge SpaceX with xAI, aiming to integrate its growing strategic footprint in artificial intelligence and space exploration. The sources stated that the transaction has been announced in a memorandum. The estimated valuation of the merged entity is $1.25 trillion. SpaceX is valued at $1 trillion, xAI is valued at $250 billion, and the merger transaction is in an all-stock form.
This move further intertwines Musk's various businesses. Towards the end of 2022, he acquired the social media platform Twitter (later renamed X), and then merged the company with xAI for $330 billion. xAI operates the chatbot Grok, and the merger with SpaceX will consolidate funding, talent, and computing resources. This merger may realize Musk's vision of deploying data centers in space to support complex AI computations.
Previously reported by Reuters, citing insider sources, Musk is pushing for a stock-based merger of SpaceX and xAI in preparation for a significant IPO within SpaceX's plans. The deal has not been finalized yet, but Musk has established an acquisition entity in Nevada, indicating the substantive stage of integration. If the merger is completed, SpaceX's rockets and space infrastructure will be deeply integrated with xAI's Grok large models and X platform data, establishing an integrated "Space + AI" commercial ecosystem.
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