SpaceX acquires xAI

SpaceX acquired xAI — valuing SpaceX at $1 trillion and xAI at $250 billion

Why it matters

The largest merger on record. The same document lists xAI's September-quarter revenue at $107 million and net loss at $1.46 billion, a wide gap between valuation and results. The company name was later written as SpaceXAI

Source — Primary sources first; secondary reports are labelled “Press”

Officialx.aihttps://x.ai/news/xai-joins-spacex

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