Musk’s SpaceX and xAI are expected to be valued at $1.25 trillion when they unite

According to Bloomberg News, which cited persons familiar with the situation. Elon Musk intends to combine SpaceX and xAI prior to their IPO, with a combined projected valuation of $1.25 trillion.

According to the article, the resulting business is anticipated to price its shares at approximately $527 each.

According to Reuters on Thursday, the space company and the artificial intelligence startup were in negotiations to combine in order to unify Musk’s rockets, Starlink satellites, social media platform X, and artificial intelligence chatbot Grok before a significant initial public offering (IPO) later this year.

According to Reuters and other media reports, SpaceX intends to go public with a valuation that is probably going to be higher than $1 trillion. A recent private sale of its shares valued it at $800 billion, making it the most valuable private corporation in the world. The Wall Street Journal said that xAI was worth $230 billion in November.