SpaceX buys Musk’s xAI in record $1.25 trillion deal as space stocks jump premarket
New York, February 3, 2026, 08:26 (EST) — Premarket SpaceX has snapped up Elon Musk’s AI startup xAI, merging its rocket and satellite operations with the creators of the Grok chatbot. A source close to the deal pegged SpaceX’s valuation at $1 trillion and xAI’s at $250 billion—up from recent secondary-market estimates around $800 billion and $230 billion, respectively. xAI…