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Elon Musk’s SpaceX has acquired his AI startup xAI in an all-stock deal that values the combined entity at $1.25 trillion, ahead of what would be the largest initial public offering in history. SpaceX pegged its own valuation at $1 trillion — a markup from the $800 billion it commanded in a December secondary stock sale — and priced xAI at $250 billion based on a recent $20 billion funding round that valued the two-year-old AI company at $230 billion.
SpaceX CFO Bret…
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Elon Musk’s SpaceX has acquired his AI startup xAI in an all-stock deal that values the combined entity at $1.25 trillion, ahead of what would be the largest initial public offering in history. SpaceX pegged its own valuation at $1 trillion — a markup from the $800 billion it commanded in a December secondary stock sale — and priced xAI at $250 billion based on a recent $20 billion funding round that valued the two-year-old AI company at $230 billion.
SpaceX CFO Bret…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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