SpaceX acquired xAI to “form the most ambitious, vertically integrated innovation engine on (and off) earth, with AI, rockets, space-based internet, direct-to-mobile device communications and the world’s foremost real-time information and free speech platform”, according to the statement by Mr Musk. The purchase of xAI sets a new record for the world’s largest mergers and acquisitions deal, a distinction held for more than 25 years when Vodafone bought Germany’s Mannesmann in a hostile takeover valued at US$203 billion in 2000, according to data compiled by LSEG. The company, the only American one that can routinely send astronauts to and from the International Space Station, is a key rocket launch provider for both NASA and the US Department of Defense, which the White House has moved to rename the Department of War.
Published at: 2026-02-02 23:24:07
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