SpaceX and xAI Merge, Valued at Over $1 Trillion, Becoming World's Most Valuable Private Company
Elon Musk's SpaceX absorbed his artificial intelligence startup, xAI, in a merger that values the combined entity at over $1 trillion, making it the most valuable private company ever, according to the BBC. The deal, confirmed by SpaceX through a memo from Musk posted on its website, aims to unify AI, rockets, space-based internet, and media under one corporate umbrella.
The terms of the acquisition were not disclosed, but a source familiar with the deal told the BBC that xAI was valued at $125 billion and SpaceX at $1 trillion. Musk stated in his memo that the merger would form an "innovation engine."
This move comes as Musk continues to consolidate his various business interests. xAI, known for its Grok chatbot, will now operate under the SpaceX umbrella.
In other news related to the tech world, the French offices of Musk's social media platform X were searched by Paris prosecutors as part of a recently launched investigation, Euronews reported. The prosecutor's cybercrime unit, supported by Europol and the French police's cybercrime department, conducted the searches. The investigation, opened in January 2025, did not have its details disclosed by the prosecutor's office. X has not commented on the situation.
Meanwhile, the world of AI continues to evolve with the emergence of new platforms like Moltbook, described by the BBC as a "social media network for AI." Launched in late January by Matt Schlicht, head of commerce platform Octane AI, Moltbook allows AI to post, comment, and create communities called "submolts." While humans are welcome to observe, they are restricted from posting on the platform, which boasts 1.5 million users.
In the fintech sector, Gökçe Güven, a 26-year-old Turkish national and the founder and CEO of fintech startup Kalder, was charged last week with alleged securities fraud, wire fraud, visa fraud, and aggravated identity theft, according to TechCrunch. Güven was also a member of the Forbes 30 Under 30 list, joining a growing list of alumni who have faced fraud charges, including FTX founder Sam Bankman-Fried. Kalder, a New York-based fintech startup, claims to help companies create and monetize individual rewards programs.
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