SpaceX memo confirms merger with xAI, valuation reaches $1.25 trillion

Odaily Planet Daily reports that sources familiar with the matter reveal Elon Musk plans to merge SpaceX with xAI, aiming to consolidate his increasingly extensive strategic布局 in artificial intelligence and space exploration. The sources indicate that the merger is scheduled to be announced via an internal memo on Monday. The combined company is expected to be valued at approximately $527 per share, with a total valuation of $1.25 trillion. SpaceX and xAI have not yet responded. This move further intertwines Musk’s various businesses. At the end of 2022, he acquired the social media platform Twitter (later renamed X), and subsequently merged the company with xAI for $33 billion. xAI also operates the chatbot Grok, which consumes about $1 billion per month to achieve a deep understanding of the universe. The merger with SpaceX will integrate funding, talent, and computing resources, while also blurring corporate boundaries. This merger may realize Musk’s vision of deploying data centers in space to support complex AI computations. According to documents filed last Friday, SpaceX is applying for permits for this plan, intending to launch up to 1 million satellites into Earth’s orbit.