Saudi-backed AI startup Humain invested $3B in xAI, becoming a “significant minority shareholder” in a deal that completed just before SpaceX's xAI acquisition
Source: Apollo nears a ~$3.4B loan deal to a Valor-led investment vehicle to buy Nvidia chips for leasing to xAI; through fall 2025, xAI was burning $1B+/month
Source: Apollo nears a ~$3.4B loan deal to a Valor-led investment vehicle to buy Nvidia chips for leasing to xAI; through fall 2025, xAI was burning $1B+/month
Apollo Global Management, one of Wall Street's biggest private credit firms, is nearing a deal to lend about $3.4 billion …
Inside the SpaceX-xAI $1.25T deal, the most valuable corporate tie-up in US history: sources: SpaceX had an orbital data center technical breakthrough last fall
Staff memo: xAI says xAI and SpaceX will maintain their separate branding for now and the joint venture is continuing to prepare for a “possible IPO in 2026”
Grace Kay /Business Insider:
Email to current and former X and xAI employees: xAI shares will be converted into 0.1433 shares of SpaceX stock, and employees will have the option to cash out
The merger puts Elon Musk's rocket and artificial-intelligence companies under one roof — Elon Musk said SpaceX acquired xAI …
Elon Musk's SpaceX-xAI merger further intermingles his companies, creates the world's most valuable private company, and provides a financial lifeline to xAI
SpaceX, the rocket and satellite maker led by Elon Musk, said on Monday it had acquired xAI, the artificial intelligence company controlled by Mr. Musk.
SpaceX acquires xAI; sources say the all-stock deal values the combined company at $1.25T, with SpaceX valued at $1T and xAI at $250B; xAI burns ~$1B per month
Elon Musk's SpaceX has acquired xAI, in a deal that encompasses the billionaire's increasingly costly ambitions to dominate artificial intelligence and space exploration.
Source: SpaceX acquired xAI for $250B; the announcement about the acquisition focuses on SpaceX's plans to launch data centers into space
The Information:
SpaceX acquires xAI; sources say the combined company is expected to price shares at ~$527 each in a potential IPO and would have a valuation of $1.25T
Elon Musk plans to merge SpaceX with xAI, according to people familiar with the matter, in a deal that encompasses the billionaire's …