Factbox-SpaceX acquires xAI: Key facts about the Musk-owned startups

Feb 3 (Reuters) - Elon Musk said connected Monday SpaceX has acquired his artificial quality startup xAI successful a record-setting ​deal, unifying the billionaire's AI and abstraction ambitions by ‌combining the rocket-and-satellite institution with the shaper of the Grok chatbot.

The deal, archetypal reported ‌by Reuters past week, represents 1 of the astir ambitious mergers successful the exertion assemblage yet. It values SpaceX astatine $1 trillion and xAI astatine $250 billion, a idiosyncratic acquainted with the substance said.

The woody would ⁠bolster Musk's data-center ambitions ‌as contention heats up further successful the AI contention with rivals specified arsenic Alphabet's Google, Meta, Amazon-backed ‍Anthropic and OpenAI.

Here are immoderate cardinal facts astir SpaceX and xAI:

SPACEX XAI

Founded 2002 2023

Founders Elon Musk Founding squad included

Musk, erstwhile Google

DeepMind technologist Igor

Babuschkin, former

Microsoft enforcement Greg

Yang, and erstwhile Google

research ​scientists

Christian Szegedy and

Tony Wu.

Key - Elon Musk, CEO - Elon Musk, CEO

executives - ‌Bret Johnsen, CFO - Anthony Armstrong, CFO

- Gwynne Shotwell,

President and COO

Headquarters Starbase, Texas Palo Alto, California

Valuation $1 trillion successful the $250 cardinal successful the

SpaceX-xAI deal. deal. The startup was

Previously, the steadfast valued astatine $230 billion

was valued astatine $800 successful November, according

billion successful a December to the Wall Street

insider stock sale. Journal.

Financials SpaceX generated astir xAI's nett nonaccomplishment widened

$8 ⁠billion successful nett to $1.46 cardinal successful the

on $15 ​billion-$16 September 4th from

billion of gross $1 cardinal successful ​the prior

last year, Reuters quarter, Bloomberg News

reported past month. reported past month.

Revenue astir doubled

to $107 million.

Funding SpaceX plans to spell Last month, xAI ‍said it

public sometime ⁠this raised $20 cardinal successful an

year, Reuters and upsized Series E funding

other media person round, with

reported. Based connected its information from Valor

most caller Equity Partners,

financials, immoderate ⁠banks StepStone Group,

estimate the institution Fidelity Management &

could rise much than Research Company and

$50 cardinal astatine a Qatar ‌Investment

valuation exceeding Authority.

$1.5 trillion.

(Reporting by Anhata Rooprai and Deborah Sophia ‌in Bengaluru; Editing by Shreya Biswas)