Technology · 3 February 2026
Musk combines SpaceX and xAI ahead of stock market float
Elon Musk has announced a merger between his aerospace firm SpaceX and artificial intelligence company xAI, creating a combined entity valued at $1.25tn (£910bn). The deal consolidates Musk’s business empire, which now includes the social media platform X, ahead of a planned stock market listing this summer. The move aims to facilitate space-based data centres to power AI development, addressing terrestrial energy constraints while positioning the group as the world’s most valuable private company.
Reported by Guardian · How we write briefs