SpaceX mega merger boosts the Musk trade
Digest more
Musk is combining rocket maker SpaceX with his AI startup, the largest tie-up in his expansive business portfolio.
By Echo Wang and Joey Roulette Feb 2 (Reuters) - Elon Musk said on Monday that SpaceX has acquired his artificial-intelligence startup xAI in a record-setting deal that unifies Musk's AI and space ambitions by combining the rocket-and-satellite company with the maker of the Grok chatbot.
SpaceX has formally acquired another one of Elon Musk’s companies, xAi, the space company announced on Monday afternoon.
SpaceX, founded by Elon Musk, has become a dominant force in the commercial spaceflight industry. Recent reports suggest SpaceX is planning an initial public offering (IPO) for mid- to late 2026. As of now, SpaceX is a privately held company, and its stock ...