SpaceX and xAI to merge in $1.25T deal ahead of June 2026 IPO
Elon Musk has merged SpaceX and AI startup xAI into a single entity valued at $1.25 trillion, positioning the combined company for a June 2026 IPO expected to raise at least $50 billion. The deal unites launch, Starlink connectivity and AI assets and raises investor and national-security concerns.