SpaceX Acquires xAI in $1.25 Trillion All-Stock Deal (cnbc.com)
- Reference: 0180723970
- News link: https://slashdot.org/story/26/02/03/0346252/spacex-acquires-xai-in-125-trillion-all-stock-deal
- Source link: https://www.cnbc.com/2026/02/02/elon-musk-spacex-xai-ipo.html
SpaceX CFO Bret Johnsen told investors on a call Monday that shares in the combined company would be priced at $527 and that xAI shares would convert into SpaceX stock at a roughly seven-to-one exchange rate. The company is still targeting a June IPO expected to raise as much as $50 billion, surpassing Saudi Aramco's $29 billion listing in 2019.
Musk said the least expensive way to do AI computation within two to three years will be in space. "Global electricity demand for AI simply cannot be met with terrestrial solutions, even in the near term, without imposing hardship on communities and the environment," he wrote. SpaceX filed last Friday for permission to launch up to a million satellites into Earth's orbit. xAI merged with Musk's social media platform X last March in a $113 billion deal, and Tesla announced a $2 billion investment in xAI last week.
[1] https://www.cnbc.com/2026/02/02/elon-musk-spacex-xai-ipo.html
I get the value of SpaceX, but... (Score:2)
xai? Isn't that the stuff mostly used to make images of famous people naked? 250 billion for that? Seems just a way to payoff Musk.
And a million satellites in space is not ruining our night sky?
Can somebody please...
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> xai? Isn't that the stuff mostly used to make
What a whining hater. XAI owns Twitter. Thats at least $44B.
XAI is losing $6B/yr, multiply that by industry standard P/E of -40, and you get close to a $250B valuation.
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Porn is the use case. So it's an honest opinion at least.
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I'll bet Musk gave the major SpaceX investors an ultimatum...basically take this junk firm, xAI, or he doesn't let SpaceX go public, and their investments will remain locked up. But, oof, a $250 billion valuation on xAI...that value will not be returned in our lifetimes. But somehow TSLA is still at >$400/share so don't take stock advice from /. btw the TSLA PE is 392 ...that's bonkers)
Recall that previously Tesla invest like $2billion in xAI, but my guess is with Tesla's declining prospects in their
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adding 1 million satellites would impact the DAY SKY.
billionaires are a plague on humanity
Must be nice ... (Score:2)
> SpaceX pegged its own valuation at $1 trillion -- a markup from the $800 billion it commanded in a December secondary stock sale -- and priced xAI at $250 billion based on a recent $20 billion funding round that valued the two-year-old AI company at $230 billion.
The companies are worth what we (Musk) say they're worth.
Convenient when you're trading between yourself and yourself.
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The valuation of SpaceX is based on the external purchasers that have put forth bids over the years, the most recent one settling in January of this year. The valuation of xAI is based on the latest funding round raised from venture capitalists outside of Musk. So there are more people than Musk who believe this valuation -- believe it enough to put multiple billions of their own dollars on the line for it. Whether that is the true valuation or not, well, that's always the game of stocks, right? If enough p
1M satellites? (Score:2)
I know it says "up to", but how long will it take to launch that many? Assuming launches every day of the year, he'd need to launch about 274 per day to achieve the 1M in ten years. Are we talking tiny satellites here and you can pack hundreds into one launch?
Then there's the issue of putting so much garbage into space that we essentially block ourselves in - we end up with an orbit of garbage that no other vehicle can pass through safely. Or is that a non-issue because the orbit is so large?
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I'm not convinced we'll get to 1 million satellites before kessler syndrome is triggered. Kessler's group just barely released a report using updated numbers and it's not looking good at all. We're way past the threshold. It's just a matter of time now, for the 500km zone.
AI in space (Score:2)
"Musk said the least expensive way to do AI computation within two to three years will be in space" Translation: xAI will never make money so I need to fold it in just like twitter, and let investors hold the bag. This is SPAC 2.0. Data center in space cheaper than on earth.. LMFAO. x86 and GPUs used in data center aren't hardened for space. People are so fucking dumb.
Re: AI in space (Score:2)
Musk us particularly dumb, even for a nepo baby.
How dumb? This will give you some idea: [1]https://www.planetearthandbeyo... [planetearthandbeyond.co]
[1] https://www.planetearthandbeyond.co/p/the-walls-are-closing-in-on-tesla?utm_medium=web
Ketamine (Score:1)
When will the SEC step in? Oh right, never he bought them off.
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> When will the SEC step in? Oh right, never he bought them off.
Trump would simply order them to drop it even if they did step in ... /s
Funny how rich people and supporters are always being treated so unfairly, while poor(er) people and critics are getting what they deserve.
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Theres one law for them and one law for us.
The only time billionares EVER face legal trouble is if they are harming other billionares.
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what's ketamine got to with anything? i'm sure he has a script for that.