SpaceX and xAI Merge Ahead of IPO Plans
Elon Musk’s space company SpaceX has merged with his artificial intelligence venture xAI, creating a combined private entity with a valuation estimated at over $1 trillion, as preparations for a potential initial public offering gather pace.
Merger Details and Valuation
The merger brings xAI, which develops the Grok artificial intelligence model and is closely linked to Musk’s technology ecosystem, under the SpaceX umbrella. The combined valuation is estimated at around $1.2 trillion, positioning the company among the most valuable private firms globally.
Strategic Rationale
The integration is aimed at aligning SpaceX’s satellite and launch capabilities with advanced AI systems. Industry observers say the combination could support future projects involving satellite-based data processing, communications and large-scale AI computing infrastructure.
IPO Still Under Consideration
SpaceX has long been seen as a strong IPO candidate, though no formal timeline has been announced. The merger is viewed as a move to strengthen the company’s long-term growth story and expand its technology footprint before any public listing.
Elon Musk has not commented publicly on the timing of an IPO, but the scale of the merged entity has intensified speculation about one of the largest market debuts in history.
