Elon Musk merges SpaceX with xAI
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Musk's merger of SpaceX and xAI turns a future IPO into a bet on space-based data centers and a $1.25 trillion vision for AI compute beyond the planet.
The SpaceX acquisition of xAI was announced and closed on February 2, 2026. Multiple reports, including from Bloomberg, Reuters, TechCrunch, and direct statements on SpaceX’s website confirm the deal as completed on that date. The deal happened today. Not a merger an acquisition Value seems to all accrue to SpaceX.
The company is planning ways to meet the energy and computing needs of AI, even as the company mulls a merger with xAI.