InfraOrbitThe capital behind space.
M&A · Completed · 2 Feb 2026

SpaceX acquisition of xAI

SpaceX acquired Elon Musk's xAI in an all-stock deal ahead of a planned IPO.

Company
xAI
Type
M&A
Status
Completed
Date
2 Feb 2026
Value
US$250bn
Value basis
All stock; xAI valued at about US$250bn and SpaceX at about US$1trn, reported
Region
US
Segment
Space and AI

Parties

  • SpaceX buyer
  • xAI shareholders seller

Key terms

Structure
All stock
Combined value
about US$1.25trn, reported

Sources

  1. Bloomberg: Musk's SpaceX combines with xAI at $1.25 trillion valuation news.bloomberglaw.com · 2 Feb 2026
  2. Yahoo Finance: SpaceX merges with xAI finance.yahoo.com · Feb 2026

Record ORB-INV-2026-0002. Investments are kept apart from the financings register and never counted in debt totals.

Randeep Bubbra
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