Source: The Hill
“Elon Musk’s spacecraft and satellite communications company SpaceX has acquired his AI company xAI, the tech billionaire said Monday. ‘SpaceX has acquired xAI to form the most ambitious, vertically-integrated innovation engine on (and off) Earth, with AI, rockets, space-based internet, direct-to-mobile device communications and the world’s foremost real-time information and free speech platform,’ he wrote in a release on SpaceX’s website. Musk previously merged xAI with X in a deal last March that valued the AI firm at $80 billion and the social media company at $33 billion. The latest merger with SpaceX comes as the company reportedly prepares to go public this year. The tech mogul, who also owns Tesla, appears heavily focused on building AI data centers in space.” (02/02/26)
https://thehill.com/policy/technology/5719377-musk-spacex-ai-merger/