International Companies

Elon Musk's SpaceX and xAI to join forces in $1.25trn deal

By Abigail Townsend

Date: Tuesday 03 Feb 2026

(Sharecast News) - Elon Musk is merging rocket business SpaceX with his artificial intelligence firm xAI, creating the world's largest private company valued at well over $1trn.

In a statement released late on Monday, Musk said the tie-up would create "the most ambitious, vertically-integrated innovation engine on (and off) earth",...

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