SpaceX Absorbs xAI Ahead of $50 B IPO, Creating $1.25 Trillion Musk Conglomerate
On 2 Feb 2026, Elon Musk folded his cash-hungry AI startup xAI into SpaceX via an all-stock deal, welding the two private giants into a single entity valued at roughly $1.25 trillion before a planned public listing later this year.