Musk merges SpaceX and xAI into a $1.25T New Space–AI company ahead of June 2026 IPO
Elon Musk announced a merger of SpaceX and xAI that values the combined New Space–AI business at $1.25 trillion and is targeting a June 2026 listing to raise at least $50 billion. Musk says space-based AI will be the lowest-cost path to scale compute within 2–3 years; investors have questioned deal terms and minority shareholder treatment.