Overview
- SpaceX announced it bought xAI, combining Grok, Starlink and the social platform X within a single corporate structure.
- Internal communications and investor briefings put the combined valuation near $1.25 trillion, with shares discussed around $526–$527 and an estimated seven-to-one xAI-to-SpaceX conversion.
- SpaceX filed with the FCC to deploy up to one million satellites intended to host orbital data centers powered by continuous solar energy.
- The company is targeting a mid‑2026 IPO that could raise tens of billions to fund Starship operations and large‑scale orbital compute, pending market and regulatory conditions.
- xAI’s Grok remains under investigation in Europe, India and California over sexually explicit image generation, and SpaceX is probing a recent Falcon 9 upper‑stage anomaly after a Starlink mission.