Musk’s SpaceX Combines With xAI at $1.25 Trillion Valuation
Bloomberg Television·2026-02-03 20:17
SpaceX just bought XAI all stock transaction. The SpaceX bit valued at $1 trillion. The XAI bit $250 billion.The combined entity $1.25% trillion. XAI becomes a subsidiary of SpaceX which is subject to rules around the use of technology in defense applications. Thus, XAI will basically run as a separate company.There are concerns about XAI's debt pile and some of the financing behind this. The question is why. Elon Musk's argument is quite simple.AI is running out of power here on Earth. It's putting a burde ...