[SpaceX Acquires xAI, Valuation at $1.25 Trillion] Elon Musk's rocket company SpaceX has acquired the artificial intelligence company xAI, which he founded three years ago, at a valuation of $1.25 trillion. This is a massive and unconventional deal aimed at integrating two private companies ahead of the planned IPO later this year. Reportedly, this IPO could become one of the largest in history by market capitalization. Previous reports from Bloomberg: SpaceX is in deep negotiations regarding the merger with xAI, and the merger news could be announced as early as this week.