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326 Inside Musk’s SpaceX-xAI Megamerger

The Information
Miles Kruppa @ The Information · 02/02/2026 21:13 EDT

Elon Musk rammed through the combination of his space company, SpaceX, with his AI startup, xAI, on Monday, merging the shiniest jewel in his business empire with his most money-losing firm. The deal—which valued xAI at $250 billion and SpaceX at $1 trillion, according to people familiar with the situation—comes as xAI battles to catch up to rivals such as OpenAI, Google and Anthropic.

The deal shows how quickly the world’s richest man is moving to gain a fundraising advantage in the expensive AI race. On.

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