Musk Merges SpaceX and xAI Ahead of Planned IPO Later This Year

Elon Musk is consolidating his space and artificial intelligence businesses into a single entity ahead of a planned initial public offering later in 2026. SpaceX announced on February 2, 2026, that it has acquired xAI, Musk’s AI startup, integrating assets including the Grok chatbot, Starlink satellite internet, and social media platform X. The merger aims to accelerate development of space-based data centers, a vision Musk has long promoted. The combined company positions Musk to leverage synergies between orbital infrastructure and AI computing, potentially reshaping both industries ahead of its market debut.