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SpaceX absorbs xAI in an all-stock merger valuing it at $250B · Lounge.ai

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M&AFeb 2 · Wikipedia

SpaceX absorbs xAI in an all-stock merger valuing it at $250B

On February 2 SpaceX acquired xAI in an all-stock transaction that made the Grok maker a wholly owned subsidiary (now SpaceXAI), valuing xAI at $250B and SpaceX at $1T for a combined $1.25T — four weeks after xAI's $20B Series E.

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Source

Rewritten in our words. The original is the source of record.

Deal sheet

CompanyxAI

TypeMerger

Amount$250B

Valuation—

SectorFoundation models

HQPalo Alto, US

Acquirer

xAI website ↗

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Source

Rewritten in our words. The original is the source of record.

Deal sheet

CompanyxAI

TypeMerger

Amount$250B

Valuation—

SectorFoundation models

HQPalo Alto, US

Acquirer

xAI website ↗

More in M&A

Schneider Electric to acquire PTC for $22.6B, a 42% premium, in an all-cash industrial software deal enso to buy marketing agencies PPG Digital and LeadCoverage for up to $25M to pair AI agents with human teams Nebius buys 10-month-old Inferize for up to $150M to kill GPU cold starts Salesforce to buy AI customer-research startup Listen Labs in a reported $2B deal

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