Overview
- SpaceX confirmed the acquisition of xAI as Musk pitches space‑based data centers to bypass terrestrial power limits for AI workloads.
- The company has asked the FCC to approve a constellation of up to one million satellites designed to host solar‑powered orbital data centers.
- Investor guidance reported by Bloomberg and the Financial Times cites a combined valuation near $1.25 trillion, a per‑share price around $526–$527, and a roughly seven‑to‑one conversion of xAI into SpaceX shares.
- Executives have discussed a potential IPO as soon as mid‑2026 that could raise up to about $50 billion, with proceeds framed as funding for Starship‑scale deployments.
- The combined operation integrates Grok, Starlink and X, while Grok faces investigations in Europe, India and California, and SpaceX reviews a recent Falcon 9 anomaly after a Starlink mission.