SpaceX acquires xAI; Tesla's $2B xAI stake becomes indirect SpaceX exposure

SpaceX announced on February 2, 2026 that it had acquired xAI, reportedly valuing the combined company at $1.25 trillion before a planned IPO. Tesla was not part of the deal, but its $2 billion investment became an indirect stake in the combined SpaceX-xAI entity. Traders should note that Tesla's earnings now carry mark-to-market swings from a private company stake.

• SpaceX acquired xAI, announced February 2, 2026
• Combined company reportedly worth $1.25 trillion before IPO
• xAI was valued at $230B after a $20B round (per Electrek)
• Tesla's $2B investment becomes an indirect SpaceX stake