On February 2nd, a corporate filing in Nevada finalized the merger of SpaceX and xAI in a $1.25 trillion all-stock transaction. SpaceX entered the deal valued at $800 billion based on its most recent secondary share offering, while xAI carried a $230 billion valuation after completing a $20 billion funding round in January. Public records list Space Exploration Technologies Corp. as the “managing member” of X.AI Holdings, establishing the new governance structure. Elon Musk announced the consolidation in a blog post on Monday, describing the company as “the most ambitious, vertically-integrated innovation engine on (and off) Earth,” bringing together AI… [Continue Reading]
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