Musk announced that SpaceX has completed its acquisition of xAI, valuing the company at $1.25 trillion.

Elon Musk officially announced that SpaceX has completed its acquisition of xAI, valuing the combined company at $1.25 trillion with an IPO price of $526.59 per share. In an internal memo, Musk stated that this integration will create "the most ambitious vertical innovation engine on Earth," encompassing AI, rocket technology, space-based internet, and more. Following the merger, SpaceX will advance its plans to deploy data centers in space, utilizing space-based solar energy resources to reduce the cost of AI computing power.