00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Elon Musk announced on Monday that SpaceX has combined with his artificial intelligence startup
00:07XAI, creating a merged company that is preparing for a large initial public offering,
00:11according to CNBC. Bloomberg reported the IPO could value the combined entity
00:16at $1.25 trillion. Public filings in Nevada show the transaction was completed on February 2nd,
00:23with Space Exploration Technologies listed as the managing member of X.AI holdings.
00:28SpaceX was valued at $800 billion in a secondary share sale last year,
00:33while X.AI was valued at about $230 billion in a recent $20 billion funding round.
00:39Tesla disclosed last week that it invested about $2 billion into X.AI.
00:44Reuters reported that SpaceX generated an estimated $8 billion in profit in 2025,
00:50while X.AI remains cash-burning as it invests heavily to build infrastructure
00:54and compete with OpenAI and Google.
00:56For all things money, visit Benzinga.com.
Comments