SpaceX announced the acquisition of XAI to form a 1.2 trillion-dollar space and AI giant

February 3rd news, this morningSpaceX Issued a statement announcing completion xA The acquisition of these items has integrated the two operations into a vertical system covering rocket launch, space Internet, direct mobile communications and artificial intelligence calculations。

SpaceX announced the acquisition of XAI to form a 1.2 trillion-dollar space and AI giant

The statement stated that the merged company would cover such operations as rocket launch, space Internet, direct-link mobile equipment communications and real-time information platforms。

MASK SAID THAT IN THE NEXT TWO TO THREE YEARS, "THE WAY IN WHICH AI CALCULATIONS IN SPACE WILL BE THE LOWEST COST" WOULD ENABLE ENTERPRISES TO TRAIN MODELS AND PROCESS DATA MORE EFFICIENTLY, THEREBY ACCELERATING PHYSICS RESEARCH AND NEW TECHNOLOGICAL INVENTIONS。

By reference to sources, Bloomberg argued that the consolidated valuation of the new company amounted to $1.25 trillion (the current exchange rate is approximately RMB 8.7 trillion) and was expected to be issued at a share price of $526.59 per share, while SpaceX was still planning to move forward this year with a first-time public equity raise of up to $50 billion。

Previously, XAI had completed its financing in January of this year, valued at $230 billion, while SpaceX valued about $80 billion in its equity sales plan last December。

It was also mentioned that SpaceX was seeking regulatory permission to launch up to 1 million satellites into Earth orbit to support its space data centre concept。

The merger will further enhance the synergy of capital, computing and talent among the Mask operations, including the social platform X, which has been merged with XAI, and its chat robot Grok. XAI currently spends approximately $1 billion a month, and consolidation is seen as an important initiative to alleviate its high cost pressures。

As one of the most stable operations in Mask, SpaceX is currently the only enterprise in the United States capable of normalizing the human mission of the International Space Station and is also an important launch service provider for NASA and the United States Department of Defense。

Its network of satellite chains has deployed over 9000 satellites, with significant income growth and is seen as an important source of cash flows to support the XAI operation in the future。

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