Musk's SpaceX To Merge With xAI At Combined Valuation Of $1.25 Trillion: Report

Elon Musk Unveils Merger Plan for SpaceX and xAI Ahead of IPO

Bloomberg News reported on Monday that Elon Musk is planning to merge SpaceX with xAI, with a combined valuation of $1.25 trillion.

• The combined company is expected to price its shares at about $527 each, according to the report.
• The deal was announced in a memo, as per Bloomberg.

SpaceX and xAI have not immediately responded to Reuters' requests for comment.

The space firm and the AI startup were in discussions to merge ahead of a blockbuster public offering planned for later this year.

Musk's potential merger brings together his various ventures under one roof, including:

• Rockets
• Starlink satellites
• X social media platform
• Grok AI chatbot