SpaceX Acquires xAI in $1.25T All-Stock Deal
m463 Tuesday, February 03, 2026
Summary
Elon Musk plans to take SpaceX's artificial intelligence division, known as Xai, public through an initial public offering (IPO). The IPO is expected to raise funds for SpaceX's ambitious space exploration projects, including its Starlink satellite internet service and plans to send humans to Mars.
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cnbc.com