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https://www.nytimes.com/2026/02/02/technology/spacex-xai-deal.html?unlocked_article_code=1.JFA.4xxE.-skrVmSLrG-E&smid=nytcore-ios-share


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.

The deal creates the most valuable private company in the world, worth more than $1 trillion, with a portfolio that includes rockets, xAI’s Grok chatbot, and the social media platform, X. The combined company will most likely move forward with an initial public offering around June, said two people familiar with the plan who spoke on condition of anonymity because the details weren’t public, in which Mr. Musk hopes to raise about $50 billion.