Releases

Space Exploration Technologies Corp. (SpaceX), SpaceXAI's publicly traded parent, closed with a consolidated equity market capitalization of approximately $2.16 trillion, with SPCX closing at $158.96 on Nasdaq. SpaceXAI is not separately listed, so this is the public-market value used for the SpaceXAI company profile.

SpaceX acquired X.AI Holdings in an all-stock merger. Reporting tied to the transaction valued xAI at about $250 billion and SpaceX at $1 trillion, implying a combined $1.25 trillion value.

xAI closed an upsized $20 billion Series E, above its $15 billion target; contemporaneous reporting placed the company’s valuation at more than $230 billion.

Morgan Stanley arranged $5 billion of debt financing and xAI separately raised $5 billion in strategic equity to fund AI infrastructure and product development.

xAI acquired social network X in an all-stock deal valuing X at $33 billion in equity and xAI at $80 billion, combining data, models, compute and distribution.

xAI acquired AI video-generation startup Hotshot, bringing its team and technology into xAI’s multimodal roadmap.

A consortium led by xAI submitted an unsolicited $97.4 billion offer for the nonprofit controlling OpenAI; the proposal was rejected and did not proceed.

xAI closed a $6 billion Series C backed by major institutional and sovereign investors; regulatory reporting indicated an approximately $45 billion post-money valuation.

xAI raised $6 billion from investors including Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital and Fidelity; Reuters reported a $24 billion post-money valuation.