SpaceX acquires xAI to form $1.25 trillion entity

by | Feb 3, 2026 | Latest E-commerce News & Updates

SpaceX acquired xAI, Elon Musk’s artificial intelligence startup, in a share exchange deal that values the combined company at $1.25 trillion. The merger is integrating Musk’s rocket and satellite infrastructure with xAI’s model development to create a vertically integrated innovation engine. The newly formed giant is planning to deploy an orbital network of up to one million satellites to power AI data centers in space.

Paul Drecksler is the founder and editor of Shopifreaks, covering the most important stories in e-commerce.

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