Musk's SpaceX to merge with xAI at combined valuation of $1.25 trillion, Bloomberg News reports
Reuters·2026-02-02 21:22
Core Insights - Elon Musk plans to merge SpaceX with xAI ahead of its IPO, creating a combined valuation of $1.25 trillion [1] Company Summary - The merger between SpaceX and xAI is anticipated to enhance the overall market position of both companies [1] - The combined valuation of $1.25 trillion indicates significant investor confidence and potential for growth in the aerospace and artificial intelligence sectors [1]