Elon Musk's SpaceX Merges With xAI In Trillion-Dollar Merger: 'Not Just The Next Chapter, But The Next Book'

On Monday, Elon Musk said that SpaceX has acquired his artificial quality startup xAI.

Announcing the woody successful a blog post, Musk framed the merger arsenic a semipermanent stake connected humanity's future.

He said combining SpaceX's rockets and outer networks with xAI's Grok chatbot and AI models marks "not conscionable the adjacent chapter, but the adjacent book" successful his companies' shared ngo to grow quality beyond Earth.

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Taking to X, helium said, "To the stars! SpaceX & xAI are present 1 company."

To the stars!@SpaceX & @xAI are present 1 institution https://t.co/2SPVVhZQsp

The transaction values SpaceX astatine astir $1 trillion and xAI astatine astir $250 billion, reported Reuters, citing radical acquainted with the matter.

The erstwhile grounds stood for much than 2 decades, dating backmost to Vodafone's (NASDAQ:VOD) $203 cardinal takeover of Germany's Mannesmann successful 2000, the study noted, citing LSEG data.

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Following the deal, the combined SpaceX-xAI entity is expected to terms shares astatine astir $527, 1 root told the publication.

SpaceX was past valued astatine astir $800 cardinal successful an insider stock sale, portion xAI was valued adjacent $230 cardinal precocious past year.

The merger comes arsenic SpaceX prepares for a imaginable nationalist offering aboriginal this twelvemonth that could worth the institution astatine much than $1.5 trillion, the study noted, citing radical acquainted with the plans.

Folding xAI into SpaceX strengthens the company's maturation communicative up of a imaginable listing.

The woody further tightens Musk's interconnected concern empire — often dubbed the "Muskonomy" — which already includes Tesla Inc. (NASDAQ:TSLA), Neuralink, the Boring Company and societal media level X, which was merged into xAI past year.

According to the Bloomberg Billionaire Index, Musk presently has a nett worthy of $670 billion, making him the richest idiosyncratic connected Earth.

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The transaction could gully scrutiny from regulators and investors implicit governance, valuation and imaginable conflicts of interest, the study said.