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.
You may also like

Tether's major shareholder invests £12 million to support the "British version of Trump" in the cryptocurrency sector

Huang Renxun's Latest Podcast: Will NVIDIA Reach $1 Trillion? Will the Number of Programmers Increase Instead of Decrease? How to Deal with AI Anxiety?

Besides Resolv Hack, This DeFi Vulnerability Type Has Occurred Four Times

Trump Cries Peace, $1.5 Billion Dash | Rewire News Evening Brief

From x402 to MPP: Cloudflare's crucial vote, will it go to Coinbase or Stripe?

BlackRock CEO issues annual open letter: The wave of tokenization has arrived, and we will lead this trend

When Backpack backstabs the community

When gold is no longer a safe haven, and Bitcoin continues to panic

Trump, the World's Largest Oil Trader

If the US and Iran have not reached an agreement in 5 days, what other cards does Trump have?

Tether Whale Dumps £12 Million, Backing Crypto’s ‘British Trump’

Ethereum Foundation Post: Rethinking the Division of Work Between L1 and L2 to Build the Ultimate Ethereum Ecosystem

Two Major Prediction Market Platforms Unite Rarely, What Is the Story Behind This New Fund?

WEEX Official Product Launch: Win LALIGA Tickets & Unlock the 3-in-1 Crypto Trading Suite
Trade crypto without downloading an app. Join the WEEX H5, API, SKILLs livestream to explore the new trading experience, win LALIGA VIP tickets, and share 420 USDT rewards.

Dragonfly Partners: Most agents will not engage in autonomous trading, how can crypto payments prevail?

US AI Startup Goes All In on Chinese Mega-Model | Rewire News Morning Brief

Trump Lies Again: A "Five-Day Pause" Psyop, How Wall Street, Bitcoin, and Polymarket Insiders Synced Uposciogen

