Musk Announces SpaceX Completes Acquisition of xAI, Valuation Reaches $1.25 Trillion
Musk officially announced that SpaceX has completed the acquisition of xAI, with the merged company's valuation reaching $1.25 trillion and an issuance price of $526.59 per share. In an internal letter, Musk stated that this integration will build the "most ambitious vertical innovation engine on Earth," covering multiple fields such as AI, rocket technology, and space internet. After the merger, SpaceX will advance plans to deploy data centers in space, utilizing space solar resources to reduce AI computing costs.
Musk officially announced that SpaceX has completed the acquisition of xAI, with the merged company's valuation reaching $1.25 trillion and an issuance price of $526.59 per share. In an internal letter, Musk stated that this integration will build the "most ambitious vertical innovation engine on Earth," covering multiple fields such as AI, rocket technology, and space internet. After the merger, SpaceX will advance plans to deploy data centers in space, utilizing space solar resources to reduce AI computing costs.
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