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New York Times

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.

2026-02-03T05:35:35.133579-08:00

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