SpaceX Acquires xAI in $1.25 Trillion All-Stock Deal
Elon Musk’s SpaceX has acquired his AI startup xAI in an all-stock deal that values the combined entity at $1.25 trillion, ahead of what would be the largest initial public offering in history. SpaceX pegged its own valuation at $1 trillion – a markup from the $800 billion it commanded in a December secondary stock sale – and priced xAI at $250 billion based on a recent $20 … ⌘ Read more