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270 SpaceX Acquires xAI in $1.25 Trillion All-Stock Deal

Slashdot
msmash @ Slashdot · 02/02/2026 22:46 EDT

SpaceX Acquires xAI in $1.25 Trillion All-Stock Deal

Elon Musk's SpaceX has acquired his AI startup xAI in an all-stock deal that values the combined entity at $1.25 trillion, ahead of what would be the largest initial public offering in history. SpaceX pegged its own valuation at $1 trillion -- a markup from the $800 billion it commanded in a December secondary stock sale -- and priced xAI at $250 billion based on a recent $20 billion funding round that valued the two-year-old AI company at $230 billion.

SpaceX CFO Bret Johnsen told investors on a call Mon

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