Merger
SpaceX acquires xAI in $250 billion all-stock deal
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Elon Musk announced that SpaceX has acquired xAI in a $250 billion all-stock transaction, valuing the combined entity at $1.25 trillion. The merger aims to integrate SpaceX's space infrastructure with xAI's artificial intelligence capabilities, focusing on orbital data centers powered by solar energy. This move follows speculation about potential consolidations among Musk's companies and positions the firm for a possible initial public offering this year.
Arla has become owner of two cheese plants in Russia through its merger with DMK Group. The merger took effect on June 1 2026 after EU approval in May.
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The EU Commission has approved Arla's merger with German dairy giant DMK Group. The merger is expected to take effect on Monday.
Elon Musk is reportedly considering a merger between SpaceX and Tesla, or a tie-up with xAI, as the rocket company prepares for a possible $1.5 trillion stock market flotation. The discussions highlight synergies in AI, robotics, and space technology, while drawing attention to the companies' combined bitcoin holdings of nearly 20,000 BTC. Legal entities suggestive of merger activity were filed in Nevada earlier this month.
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Elon Musk's SpaceX is in early-stage talks to potentially merge with either Tesla or xAI, according to reports from Bloomberg and Reuters. Such a merger could precede SpaceX's planned initial public offering this year. The discussions aim to consolidate resources among Musk's companies, building on recent investments and shared operations.