Overview
- SpaceX confirmed the takeover on Feb. 2, folding xAI and its Grok chatbot into the rocket and satellite company.
- The company cites a plan for orbital data centers and has sought FCC approval to launch up to one million solar-powered, optically linked compute satellites.
- Media reports place the combined valuation near $1.25 trillion and tie the move to a potential 2026 IPO, with shares reportedly priced around $526 each.
- The merger also brings social platform X under SpaceX’s umbrella and could involve exchanging xAI shares for SpaceX stock, according to prior reporting.
- Regulators and investors are expected to review governance and national-security issues and consider ongoing probes into Grok’s harmful outputs, while specific deal terms were not disclosed.